Somewhat Positive News Coverage Somewhat Unlikely to Impact PC-Tel (PCTI) Share Price
News articles about PC-Tel (NASDAQ:PCTI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PC-Tel earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the Wireless communications provider an impact score of 46.5073057140025 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- PCTEL to Present at Midwest IDEAS Investor Conference (finance.yahoo.com)
- PC-Tel, Inc. (PCTI) CEO David A. Neumann Buys 2,000 Shares (americanbankingnews.com)
- PCTEL Launches Multi-Band LTE/Wi-Fi/GNSS Antenna with Sub-Inch Profile (finance.yahoo.com)
- PC-Tel’s (NASDAQ:PCTI) Buy Rating Reaffirmed at B. Riley (americanbankingnews.com)
Several equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $9.00 target price on shares of PC-Tel in a research note on Friday, August 4th. Zacks Investment Research lowered shares of PC-Tel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Wunderlich lowered shares of PC-Tel from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Wednesday, May 10th.
PC-Tel (PCTI) traded up 1.13% during midday trading on Friday, hitting $6.29. 19,233 shares of the stock traded hands. PC-Tel has a one year low of $4.80 and a one year high of $8.48. The company’s 50 day moving average is $6.96 and its 200-day moving average is $6.62. The company’s market cap is $104.57 million.
PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings data on Tuesday, August 8th. The Wireless communications provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. PC-Tel had a negative net margin of 5.61% and a positive return on equity of 1.60%. The company had revenue of $21.50 million for the quarter, compared to analyst estimates of $24.09 million. During the same period in the previous year, the business posted $0.08 earnings per share. PC-Tel’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that PC-Tel will post $0.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from PC-Tel’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, August 4th. PC-Tel’s payout ratio is -64.70%.
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PC-Tel Company Profile
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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