PC-Tel COO Anthony Kobrinetz Sells 5,500 Shares (PCTI)
PC-Tel (NASDAQ:PCTI) COO Anthony Kobrinetz unloaded 5,500 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $7.56, for a total transaction of $41,580.00. Following the completion of the sale, the chief operating officer now directly owns 39,721 shares of the company’s stock, valued at approximately $300,291. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
PC-Tel (NASDAQ:PCTI) traded down 0.40% during mid-day trading on Thursday, hitting $7.55. 56,809 shares of the company’s stock traded hands. PC-Tel has a one year low of $6.95 and a one year high of $10.12. The stock has a 50-day moving average of $7.72 and a 200-day moving average of $8.05. The company has a market cap of $137.1 million and a price-to-earnings ratio of 92.44.
PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.11. The company had revenue of $26.18 million for the quarter, compared to the consensus estimate of $27.10 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that PC-Tel will post $0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors 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 2.11%. The ex-dividend date is Wednesday, August 6th.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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