Insider Selling: PC-Tel Director Sells 5,776 Shares of Stock (PCTI)
PC-Tel (NASDAQ:PCTI) Director Carl Thomsen sold 5,776 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $7.61, for a total value of $43,955.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
PC-Tel (NASDAQ:PCTI) traded down 0.13% on Friday, hitting $7.50. 45,759 shares of the company’s stock traded hands. PC-Tel has a 52 week low of $6.95 and a 52 week high of $10.12. The stock’s 50-day moving average is $7.69 and its 200-day moving average is $8.60. The company has a market cap of $137.2 million and a price-to-earnings ratio of 123.11. PC-Tel also was the recipient of a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 724,112 shares, an increase of 44.7% from the May 15th total of 500,474 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 333,728 shares, the days-to-cover ratio is presently 2.2 days.
PC-Tel (NASDAQ:PCTI) last announced its earnings results on Thursday, April 24th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $23.66 million for the quarter, compared to the consensus estimate of $24.73 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts expect that PC-Tel will post $0.54 EPS for the current fiscal year.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.