ParkerVision Inc. (PRKR) Sees Large Volume Increase
Shares of ParkerVision Inc. (NASDAQ:PRKR) saw an uptick in trading volume on Tuesday . 1,164,273 shares traded hands during trading, an increase of 89% from the previous session’s volume of 616,637 shares.The stock last traded at $5.98 and had previously closed at $5.98.
Separately, Zacks Investment Research upgraded shares of ParkerVision from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.
The firm has a 50 day moving average price of $3.54 and a 200 day moving average price of $2.95. The firm’s market cap is $71.43 million.
ParkerVision (NASDAQ:PRKR) last issued its quarterly earnings data 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 quarter in the previous year, the company earned ($0.60) EPS. Equities analysts anticipate that ParkerVision Inc. will post ($0.86) EPS for the current fiscal 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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