Shares of Pctel Inc. (NASDAQ:PCTI) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $6.75 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Pctel an industry rank of 38 out of 265 based on the ratings given to its competitors.
PCTI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Pctel from a “hold” rating to a “sell” rating in a report on Saturday, August 6th. B. Riley reissued a “buy” rating and issued a $7.50 target price on shares of Pctel in a report on Tuesday, August 9th.
Shares of Pctel (NASDAQ:PCTI) opened at 5.29 on Monday. The firm’s market capitalization is $84.88 million. The firm has a 50-day moving average price of $5.15 and a 200 day moving average price of $4.83. Pctel has a one year low of $4.36 and a one year high of $6.15.
Pctel (NASDAQ:PCTI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Pctel had a negative net margin of 14.71% and a negative return on equity of 0.76%. The firm had revenue of $24.20 million for the quarter, compared to analysts’ expectations of $23.75 million. During the same quarter last year, the company posted $0.02 earnings per share. Pctel’s revenue was down 12.3% on a year-over-year basis. Equities analysts forecast that Pctel will post $0.24 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of PCTI. Menta Capital LLC boosted its position in shares of Pctel by 1.8% in the first quarter. Menta Capital LLC now owns 22,723 shares of the company’s stock worth $109,000 after buying an additional 400 shares in the last quarter. Geode Capital Management LLC boosted its stake in Pctel by 4.8% in the first quarter. Geode Capital Management LLC now owns 89,814 shares of the company’s stock worth $429,000 after buying an additional 4,104 shares during the period. Moors & Cabot Inc. boosted its stake in Pctel by 10.8% in the second quarter. Moors & Cabot Inc. now owns 66,500 shares of the company’s stock worth $315,000 after buying an additional 6,500 shares during the period. Chartwell Investment Partners LLC acquired a new stake in Pctel during the second quarter worth $7,718,000. Finally, Baird Financial Group Inc. boosted its stake in Pctel by 16.9% in the second quarter. Baird Financial Group Inc. now owns 172,541 shares of the company’s stock worth $813,000 after buying an additional 25,000 shares during the period. 73.18% of the stock is currently owned by hedge funds and other institutional investors.
Pctel Company Profile
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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