ParkerVision Inc. (PRKR) Sees Unusually-High Trading Volume
ParkerVision Inc. (NASDAQ:PRKR) shares saw strong trading volume on Wednesday . 364,717 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 170,062 shares.The stock last traded at $5.61 and had previously closed at $5.57.
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 $63.37 million. The stock’s 50-day moving average is $5.05 and its 200 day moving average is $3.48.
ParkerVision (NASDAQ:PRKR) last announced its earnings results on Monday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.27. During the same period in the previous year, the company earned ($0.50) earnings per share. On average, analysts expect that ParkerVision Inc. will post ($1.55) EPS 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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