Wireless Telecom Group Inc (WTT) CEO Purchases $14,400.00 in Stock
Wireless Telecom Group Inc (NYSEMKT:WTT) CEO Timothy Whelan purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $1.44 per share, for a total transaction of $14,400.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $14,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Wireless Telecom Group Inc (NYSEMKT WTT) remained flat at $1.42 during trading on Friday. The stock had a trading volume of 7,008 shares. Wireless Telecom Group Inc has a 1-year low of $1.30 and a 1-year high of $1.99. The stock’s market cap is $31.78 million. The company has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.49.
Wireless Telecom Group (NYSEMKT:WTT) last announced its earnings results on Wednesday, August 9th. The technology company reported ($0.07) EPS for the quarter. The company had revenue of $11.93 million for the quarter. Wireless Telecom Group had a negative net margin of 11.46% and a negative return on equity of 15.08%.
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A hedge fund recently raised its stake in Wireless Telecom Group stock. Renaissance Technologies LLC boosted its holdings in shares of Wireless Telecom Group Inc (NYSEMKT:WTT) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 857,100 shares of the technology company’s stock after purchasing an additional 13,600 shares during the quarter. Renaissance Technologies LLC owned approximately 3.85% of Wireless Telecom Group worth $1,269,000 at the end of the most recent quarter.
About Wireless Telecom Group
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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