ParkerVision, Inc. (NASDAQ:PRKR) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.57 and last traded at $1.57, with a volume of 115,598 shares traded. The stock had previously closed at $1.58.

A number of brokerages have recently issued reports on PRKR. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $12.00 price target on shares of ParkerVision in a research report on Tuesday, June 13th. Zacks Investment Research downgraded ParkerVision from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.

The stock’s market cap is $27.20 million. The firm has a 50-day moving average of $1.83 and a 200-day moving average of $1.97.

ParkerVision (NASDAQ:PRKR) last released its quarterly earnings data on Thursday, August 17th. The semiconductor company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. During the same period in the prior year, the company earned ($0.72) earnings per share. On average, equities analysts predict that ParkerVision, Inc. will post ($0.85) EPS for the current year.

An institutional investor recently raised its position in ParkerVision stock. Ingalls & Snyder LLC increased its position in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,200 shares of the semiconductor company’s stock after purchasing an additional 14,000 shares during the period. Ingalls & Snyder LLC owned 0.65% of ParkerVision worth $204,000 at the end of the most recent reporting period. 12.96% of the stock is owned by hedge funds and other institutional investors.

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About ParkerVision

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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