Shares of PC Tel Inc (NASDAQ:PCTI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $8.00 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 151 out of 255 based on the ratings given to its competitors.
Several research firms have recently issued reports on PCTI. B. Riley upgraded PC Tel from a “neutral” rating to a “buy” rating and upped their price target for the stock from $5.00 to $6.50 in a research note on Friday, August 9th. Lake Street Capital upgraded PC Tel from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.00 to $6.00 in a research note on Friday, August 9th. TheStreet upgraded PC Tel from a “c” rating to a “b-” rating in a research note on Monday, September 9th. ValuEngine downgraded PC Tel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded PC Tel from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Friday, August 16th.
A number of large investors have recently made changes to their positions in PCTI. Cadence Capital Management LLC bought a new stake in PC Tel during the 3rd quarter valued at approximately $1,985,000. Hillsdale Investment Management Inc. bought a new stake in PC Tel during the 2nd quarter valued at approximately $414,000. Russell Investments Group Ltd. boosted its stake in PC Tel by 28.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 356,025 shares of the Wireless communications provider’s stock valued at $1,578,000 after purchasing an additional 78,026 shares during the period. Renaissance Technologies LLC boosted its stake in PC Tel by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,487,633 shares of the Wireless communications provider’s stock valued at $6,590,000 after purchasing an additional 61,363 shares during the period. Finally, National Investment Services Inc. WI bought a new stake in PC Tel during the 3rd quarter valued at approximately $470,000. Hedge funds and other institutional investors own 60.66% of the company’s stock.
NASDAQ PCTI traded up $0.93 on Friday, reaching $8.09. The stock had a trading volume of 6,480 shares, compared to its average volume of 98,474. The business has a 50 day moving average price of $7.75 and a 200 day moving average price of $5.93. PC Tel has a 1 year low of $3.88 and a 1 year high of $8.83. The company has a market capitalization of $132.00 million, a price-to-earnings ratio of -35.04 and a beta of -0.17.
PC Tel (NASDAQ:PCTI) last issued its earnings results on Thursday, August 8th. The Wireless communications provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $23.50 million for the quarter, compared to the consensus estimate of $22.40 million. PC Tel had a negative return on equity of 0.48% and a negative net margin of 12.16%. On average, research analysts forecast that PC Tel will post 0.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.22 annualized dividend and a dividend yield of 2.72%. PC Tel’s dividend payout ratio (DPR) is presently -95.65%.
About PC Tel
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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