ParkerVision Inc. (PRKR) Shares Down 3%
ParkerVision Inc. (NASDAQ:PRKR)’s share price traded down 3% during trading on Monday . The company traded as low as $4.84 and last traded at $4.87, with a volume of 53,109 shares. The stock had previously closed at $5.02.
Separately, Zacks Investment Research upgraded ParkerVision from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th.
The company has a 50-day moving average price of $5.19 and a 200-day moving average price of $3.53. The company’s market cap is $62.39 million.
ParkerVision (NASDAQ:PRKR) last announced its earnings results on Monday, August 15th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.27. During the same quarter last year, the company earned ($0.50) EPS. Equities research analysts forecast that ParkerVision Inc. will post ($1.55) 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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