PC-Tel (PCTI) to Release Quarterly Earnings on Tuesday
PC-Tel (NASDAQ:PCTI) will announce its Q214 earnings results on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $27.10 million for the quarter.
PC-Tel (NASDAQ:PCTI) traded up 3.81% on Monday, hitting $8.17. The stock had a trading volume of 169,046 shares. 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 $7.65 and its 200-day moving average is $8.17. The company has a market cap of $149.4 million and a P/E ratio of 129.02. PC-Tel also saw a large drop in short interest in July. As of July 15th, there was short interest totalling 112,308 shares, a drop of 89.7% from the June 30th total of 1,095,054 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 123,082 shares, the days-to-cover ratio is currently 0.9 days.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.03%.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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