Wireless Telecom Group Inc (WTT) Releases Earnings Results
Wireless Telecom Group Inc (NYSEMKT:WTT) announced its earnings results on Wednesday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $11.93 million for the quarter. Wireless Telecom Group had a negative return on equity of 14.43% and a negative net margin of 12.90%.
Shares of Wireless Telecom Group (WTT) traded up 1.43% during midday trading on Thursday, hitting $1.42. The stock had a trading volume of 45,550 shares. The stock’s market capitalization is $31.65 million. The stock has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.55. Wireless Telecom Group has a 52 week low of $1.30 and a 52 week high of $1.99.
In related news, CEO Timothy Whelan purchased 75,000 shares of Wireless Telecom Group stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of $1.55 per share, for a total transaction of $116,250.00. Following the transaction, the chief executive officer now directly owns 193,210 shares of the company’s stock, valued at $299,475.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
An institutional investor recently raised its position in Wireless Telecom Group stock. Renaissance Technologies LLC boosted its stake in shares of Wireless Telecom Group Inc (NYSEMKT:WTT) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 857,100 shares of the technology company’s stock after buying an additional 13,600 shares during the period. Renaissance Technologies LLC owned 3.85% of Wireless Telecom Group worth $1,269,000 at the end of the most recent quarter.
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Wireless Telecom Group Company Profile
Wireless Telecom Group, Inc designs and manufactures radio frequency and microwave-based products for wireless and communications industries. It markets its products and services under the brand names, Boonton, Microlab and Noisecom. It serves commercial and government markets with solutions in distributed antenna systems (DAS), cellular/mobile, wireless fidelity, worldwide interoperability for microwave access (WiMAX), private mobile radio, satellite, cable, radar, avionics, medical and computing applications.
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