Insider Buying: Wireless Telecom Group Inc (WTT) CFO Buys 9,000 Shares of Stock
Wireless Telecom Group Inc (NYSEMKT:WTT) CFO Michael Kandell bought 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $1.42 per share, for a total transaction of $12,780.00. Following the transaction, the chief financial officer now owns 5,000 shares in the company, valued at $7,100. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Wireless Telecom Group Inc (NYSEMKT:WTT) remained flat at $1.42 during trading on Friday. The company’s stock had a trading volume of 7,008 shares. The stock’s 50-day moving average is $1.44 and its 200 day moving average is $1.49. The firm’s market capitalization is $31.78 million. Wireless Telecom Group Inc has a one year low of $1.30 and a one year high of $1.99.
Wireless Telecom Group (NYSEMKT:WTT) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.07) EPS for the quarter. Wireless Telecom Group had a negative net margin of 11.46% and a negative return on equity of 15.08%. The business had revenue of $11.93 million for the quarter.
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An institutional investor recently raised its position in Wireless Telecom Group stock. Renaissance Technologies LLC grew its position in Wireless Telecom Group Inc (NYSEMKT:WTT) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 857,100 shares of the technology company’s stock after acquiring an additional 13,600 shares during the quarter. Renaissance Technologies LLC owned about 3.85% of Wireless Telecom Group worth $1,269,000 at the end of the most recent reporting period.
Wireless Telecom Group Company Profile
Wireless Telecom Group, Inc designs and manufactures radio frequency and microwave-based products for wireless and communications industries. It markets its products and services under the brand names, Boonton, Microlab and Noisecom. It serves commercial and government markets with solutions in distributed antenna systems (DAS), cellular/mobile, wireless fidelity, worldwide interoperability for microwave access (WiMAX), private mobile radio, satellite, cable, radar, avionics, medical and computing applications.
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