ParkerVision Inc. (PRKR) Trading 5.8% Higher
ParkerVision Inc. (NASDAQ:PRKR) shares traded up 5.8% during trading on Wednesday . The company traded as high as $3.49 and last traded at $3.44, with a volume of 63,128 shares traded. The stock had previously closed at $3.25.
Separately, Zacks Investment Research upgraded ParkerVision from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th.
The company has a 50-day moving average price of $3.45 and a 200 day moving average price of $2.91. The company’s market capitalization is $40.73 million.
ParkerVision (NASDAQ:PRKR) last issued its earnings results on Monday, May 16th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.29) by $0.16. During the same period last year, the business earned ($0.60) earnings per share. Analysts anticipate that ParkerVision Inc. will post ($0.86) earnings per share 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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