ParkerVision, Inc. (PRKR) Upgraded at Zacks Investment Research
ParkerVision, Inc. (NASDAQ:PRKR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “ParkerVision, Inc. operates two segments – the Video Products Division and the Wireless Technology Division. The Video Division is engaged in the design, development and marketing of automated video camera control systems, marketed under the tradename CameraMan and automated production systems, marketed under the tradename PVTV Studio. The Wireless Division is engaged in the development and initial commercialization of its Direct2Data, or D2D, technology. “
Shares of ParkerVision (PRKR) opened at 1.50 on Wednesday. The company has a 50 day moving average price of $1.71 and a 200-day moving average price of $1.94. ParkerVision has a 52-week low of $1.43 and a 52-week high of $4.19. The stock’s market capitalization is $26.67 million.
ParkerVision (NASDAQ:PRKR) last posted its earnings results on Thursday, August 17th. The semiconductor company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.03. During the same period last year, the firm earned ($0.72) EPS. On average, analysts predict that ParkerVision will post ($0.85) earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in ParkerVision stock. Vanguard Group Inc. raised its position in ParkerVision, Inc. (NASDAQ:PRKR) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 574,253 shares of the semiconductor company’s stock after buying an additional 107,500 shares during the period. Vanguard Group Inc. owned about 3.24% of ParkerVision worth $1,028,000 at the end of the most recent reporting period. 12.96% of the stock is owned by institutional investors and hedge funds.
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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