PCTEL (NASDAQ:PCTI) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of PCTEL (NASDAQ:PCTIGet Rating) in a research note issued on Wednesday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

NASDAQ PCTI opened at $4.16 on Wednesday. PCTEL has a 52 week low of $3.90 and a 52 week high of $7.13. The business’s fifty day simple moving average is $4.21 and its 200-day simple moving average is $4.78. The firm has a market cap of $77.10 million, a PE ratio of -103.85 and a beta of 0.39.

PCTEL (NASDAQ:PCTIGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The Wireless communications provider reported ($0.03) EPS for the quarter. PCTEL had a positive return on equity of 3.26% and a negative net margin of 0.81%. The company had revenue of $22.54 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of PCTI. Campbell & CO Investment Adviser LLC purchased a new stake in PCTEL in the 4th quarter valued at about $62,000. Moors & Cabot Inc. purchased a new stake in PCTEL in the 3rd quarter valued at about $156,000. Globeflex Capital L P purchased a new stake in PCTEL in the 4th quarter valued at about $232,000. State Street Corp raised its holdings in PCTEL by 3.9% in the 1st quarter. State Street Corp now owns 74,607 shares of the Wireless communications provider’s stock valued at $346,000 after buying an additional 2,815 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in PCTEL by 153.9% during the fourth quarter. First Eagle Investment Management LLC now owns 65,608 shares of the Wireless communications provider’s stock worth $372,000 after purchasing an additional 39,766 shares during the period. Hedge funds and other institutional investors own 51.92% of the company’s stock.

About PCTEL (Get Rating)

PCTEL, Inc, together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT.

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