ParkerVision Inc. (PRKR) Trading Down 1.4%
Shares of ParkerVision Inc. (NASDAQ:PRKR) fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $5.60 and last traded at $5.69, with a volume of 52,673 shares trading hands. The stock had previously closed at $5.77.
Separately, Zacks Investment Research upgraded ParkerVision from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th.
The company’s 50-day moving average is $3.93 and its 200-day moving average is $3.10. The firm’s market cap is $66.76 million.
ParkerVision (NASDAQ:PRKR) last released 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 period last year, the company earned ($0.60) EPS. On average, equities research analysts expect 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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