Shares of PC Tel Inc (NASDAQ:PCTI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $8.17 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 165 out of 265 based on the ratings given to related companies.
Several equities analysts have weighed in on the company. Lake Street Capital assumed coverage on PC Tel in a report on Wednesday, April 12th. They set a “buy” rating and a $8.00 price objective for the company. Wunderlich raised their price target on PC Tel from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Thursday, April 13th. Zacks Investment Research raised PC Tel from a “hold” rating to a “strong-buy” rating and set a $6.75 price target for the company in a report on Tuesday, March 14th. Finally, B. Riley reaffirmed a “buy” rating and issued a $8.00 price target on shares of PC Tel in a report on Saturday, March 11th.
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PC Tel (NASDAQ:PCTI) traded up 7.6118% on Monday, reaching $7.8449. The company’s stock had a trading volume of 1,094,468 shares. PC Tel has a 52-week low of $4.36 and a 52-week high of $8.00. The company’s market cap is $127.20 million. The firm’s 50-day moving average price is $6.31 and its 200 day moving average price is $5.59.
PC Tel (NASDAQ:PCTI) last announced its quarterly earnings data on Wednesday, March 8th. The Wireless communications provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. PC Tel had a positive return on equity of 0.32% and a negative net margin of 13.70%. The business earned $26.70 million during the quarter, compared to analyst estimates of $24.86 million. During the same period in the prior year, the company earned $0.04 earnings per share. PC Tel’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that PC Tel will post $0.29 EPS for the current fiscal year.
In other news, VP Jeffrey A. Miller sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $5.47, for a total value of $32,820.00. Following the completion of the transaction, the vice president now directly owns 74,904 shares of the company’s stock, valued at $409,724.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.46% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of PCTI. Renaissance Technologies LLC boosted its stake in shares of PC Tel by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,251,299 shares of the Wireless communications provider’s stock valued at $6,732,000 after buying an additional 44,600 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of PC Tel by 5.3% in the third quarter. Moors & Cabot Inc. now owns 70,000 shares of the Wireless communications provider’s stock valued at $374,000 after buying an additional 3,500 shares during the last quarter. Perritt Capital Management Inc. boosted its stake in shares of PC Tel by 0.7% in the fourth quarter. Perritt Capital Management Inc. now owns 632,000 shares of the Wireless communications provider’s stock valued at $3,400,000 after buying an additional 4,500 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of PC Tel during the third quarter valued at approximately $574,000. Institutional investors own 67.46% of the company’s stock.
About PC Tel
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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