PC Tel Inc (NASDAQ:PCTI) reached a new 52-week low during trading on Friday . The stock traded as low as $4.47 and last traded at $4.48, with a volume of 300 shares traded. The stock had previously closed at $4.70.

Several equities research analysts have commented on the company. Lake Street Capital lowered PC Tel from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research report on Thursday. B. Riley upgraded PC Tel from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $8.50 to $4.50 in a research report on Thursday. TheStreet downgraded PC Tel from a “b” rating to a “c+” rating in a research note on Monday, July 9th. ValuEngine downgraded PC Tel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Zacks Investment Research downgraded PC Tel from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.25.

The company has a market capitalization of $85.63 million, a price-to-earnings ratio of 58.63 and a beta of 0.51.

PC Tel (NASDAQ:PCTI) last announced its earnings results on Wednesday, May 9th. The Wireless communications provider reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $21.73 million during the quarter, compared to the consensus estimate of $21.70 million. PC Tel had a return on equity of 1.41% and a net margin of 2.35%. During the same period in the prior year, the company posted $0.05 EPS. research analysts anticipate that PC Tel Inc will post 0.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 8th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Tuesday, August 7th. PC Tel’s payout ratio is 220.00%.

Several hedge funds have recently made changes to their positions in PCTI. Russell Investments Group Ltd. raised its stake in shares of PC Tel by 67.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 255,252 shares of the Wireless communications provider’s stock worth $1,593,000 after buying an additional 102,692 shares during the period. Bank of New York Mellon Corp raised its stake in PC Tel by 403.0% in the 4th quarter. Bank of New York Mellon Corp now owns 103,494 shares of the Wireless communications provider’s stock valued at $764,000 after purchasing an additional 82,917 shares during the last quarter. Ariel Investments LLC raised its stake in PC Tel by 3.1% in the 2nd quarter. Ariel Investments LLC now owns 2,320,817 shares of the Wireless communications provider’s stock valued at $14,482,000 after purchasing an additional 69,567 shares during the last quarter. Raymond James & Associates acquired a new position in PC Tel in the 4th quarter valued at $510,000. Finally, Deprince Race & Zollo Inc. raised its stake in PC Tel by 8.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 588,783 shares of the Wireless communications provider’s stock valued at $3,674,000 after purchasing an additional 47,943 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

PC Tel Company Profile

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

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