ParkerVision (PRKR) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of ParkerVision (NASDAQ:PRKR) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “ParkerVision, Inc. operates two segments – the Video Products Division and the Wireless Technology Division. The Video Division is engaged in the design, development and marketing of automated video camera control systems, marketed under the tradename CameraMan and automated production systems, marketed under the tradename PVTV Studio. The Wireless Division is engaged in the development and initial commercialization of its Direct2Data, or D2D, technology. “
ParkerVision (NASDAQ:PRKR) traded up $0.02 during trading hours on Thursday, reaching $1.08. The company’s stock had a trading volume of 660,700 shares, compared to its average volume of 332,167. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of -1.71. ParkerVision has a one year low of $1.02 and a one year high of $3.80. The stock has a market capitalization of $21.47, a price-to-earnings ratio of -0.89 and a beta of 2.02.
A hedge fund recently raised its stake in ParkerVision stock. ING Groep NV lifted its holdings in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 154.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,300 shares of the semiconductor company’s stock after acquiring an additional 39,000 shares during the quarter. ING Groep NV owned 0.34% of ParkerVision worth $102,000 as of its most recent filing with the SEC. 10.79% of the stock is owned by institutional investors and hedge funds.
ParkerVision Company Profile
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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