ParkerVision Inc. (PRKR) Sets New 1-Year High at $8.18
Shares of ParkerVision Inc. (NASDAQ:PRKR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.18 and last traded at $6.27, with a volume of 5,731,810 shares changing hands. The stock had previously closed at $3.56.
Separately, Zacks Investment Research raised shares of ParkerVision from a “sell” rating to a “hold” rating in a report on Thursday, June 30th.
The stock’s market capitalization is $71.43 million. The firm has a 50 day moving average price of $3.61 and a 200 day moving average price of $2.98.
ParkerVision (NASDAQ:PRKR) last announced its earnings results on Monday, May 16th. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.16. During the same quarter in the prior year, the firm posted ($0.60) EPS. On average, analysts forecast 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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