ParkerVision Inc. (PRKR) Shares Up 3.8%
Shares of ParkerVision Inc. (NASDAQ:PRKR) shot up 3.8% during trading on Friday . The company traded as high as $5.05 and last traded at $4.94, with a volume of 70,392 shares changing hands. The stock had previously closed at $4.76.
Separately, Zacks Investment Research upgraded ParkerVision from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th.
The company has a 50 day moving average price of $5.14 and a 200 day moving average price of $3.50. The company’s market capitalization is $58.59 million.
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 the consensus estimate of ($0.45) by $0.27. During the same quarter last year, the company earned ($0.50) earnings per share. On average, equities 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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