PCTEL (NASDAQ:PCTI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of PCTEL (NASDAQ:PCTIGet Rating) in a report published on Saturday morning. The firm issued a buy rating on the Wireless communications provider’s stock.

PCTEL Price Performance

PCTI opened at $5.13 on Friday. The business’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.50. PCTEL has a 1 year low of $3.90 and a 1 year high of $6.59. The firm has a market capitalization of $95.83 million, a PE ratio of -512.49 and a beta of 0.36.

PCTEL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were paid a $0.055 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.22 annualized dividend and a yield of 4.29%. PCTEL’s dividend payout ratio (DPR) is presently -2,197.80%.

Hedge Funds Weigh In On PCTEL

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC purchased a new position in PCTEL in the fourth quarter valued at about $62,000. Moors & Cabot Inc. boosted its holdings in PCTEL by 54.3% in the first quarter. Moors & Cabot Inc. now owns 38,500 shares of the Wireless communications provider’s stock worth $179,000 after acquiring an additional 13,553 shares in the last quarter. State Street Corp boosted its holdings in PCTEL by 3.9% in the first quarter. State Street Corp now owns 74,607 shares of the Wireless communications provider’s stock worth $346,000 after acquiring an additional 2,815 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in PCTEL by 153.9% in the fourth quarter. First Eagle Investment Management LLC now owns 65,608 shares of the Wireless communications provider’s stock worth $372,000 after acquiring an additional 39,766 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in PCTEL by 3.7% in the first quarter. Acadian Asset Management LLC now owns 505,915 shares of the Wireless communications provider’s stock worth $2,345,000 after acquiring an additional 17,916 shares in the last quarter. Hedge funds and other institutional investors own 51.05% of the company’s stock.

About PCTEL

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PCTEL, Inc, together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT.

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