ParkerVision Inc. (PRKR) Trading Up 5.8%
ParkerVision Inc. (NASDAQ:PRKR) shares were up 5.8% during trading on Wednesday . The stock traded as high as $3.49 and last traded at $3.44, with a volume of 63,128 shares. The stock had previously closed at $3.25.
Separately, Zacks Investment Research raised ParkerVision from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research note on Wednesday, March 30th.
The company has a 50-day moving average of $3.44 and a 200 day moving average of $2.90. The firm’s market capitalization is $40.39 million.
ParkerVision (NASDAQ:PRKR) last posted its quarterly earnings results on Monday, May 16th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.29) by $0.16. During the same period in the prior year, the company posted ($0.60) earnings per share. On average, analysts forecast that ParkerVision Inc. will post ($0.86) EPS for the current year.
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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