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PC-Tel (NASDAQ:PCTI) COO Anthony Kobrinetz unloaded 5,500 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $7.56, for a total transaction of $41,580.00. Following the transaction, the chief operating officer now directly owns 39,721 shares in the company, valued at approximately $300,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of PC-Tel (NASDAQ:PCTI) opened at 7.58 on Monday. 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 $7.73 and its 200-day moving average is $8.05. The company has a market cap of $137.4 million and a price-to-earnings ratio of 92.44.

PC-Tel (NASDAQ:PCTI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 2.1% 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.

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