Zacks Investment Research upgraded shares of ParkerVision, Inc. (NASDAQ:PRKR) from a sell rating to a hold rating in a research report sent to investors on Wednesday, October 18th.
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. “
ParkerVision (NASDAQ:PRKR) traded up $0.06 during midday trading on Wednesday, reaching $1.49. 57,650 shares of the company’s stock were exchanged, compared to its average volume of 108,705. ParkerVision has a 52 week low of $1.39 and a 52 week high of $3.80. The company has a debt-to-equity ratio of -2.62, a quick ratio of 2.13 and a current ratio of 2.27.
ParkerVision (NASDAQ:PRKR) last issued its quarterly earnings results on Thursday, August 17th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.03. During the same quarter in the previous year, the business earned ($0.72) EPS. analysts predict that ParkerVision will post -0.85 EPS for the current fiscal year.
An institutional investor recently raised its position in ParkerVision stock. Vanguard Group Inc. grew its position in ParkerVision, Inc. (NASDAQ:PRKR) by 23.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,253 shares of the semiconductor company’s stock after buying an additional 107,500 shares during the quarter. Vanguard Group Inc. owned 3.24% of ParkerVision worth $1,028,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.
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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