ParkerVision Inc. (PRKR) Trading Down 5.7%
ParkerVision Inc. (NASDAQ:PRKR) shares traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $5.55 and last traded at $5.77, with a volume of 451,571 shares trading hands. The stock had previously closed at $6.12.
Separately, Zacks Investment Research upgraded ParkerVision from a “sell” rating to a “hold” rating in a research note on Wednesday.
The stock’s 50-day moving average price is $3.61 and its 200 day moving average price is $2.98. The company’s market capitalization is $68.51 million.
ParkerVision (NASDAQ:PRKR) last issued its quarterly 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 in the previous year, the business earned ($0.60) earnings per share. Analysts predict 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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