Zacks Investment Research Downgrades ParkerVision, Inc. (PRKR) to Sell
ParkerVision, Inc. (NASDAQ:PRKR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
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) opened at $1.23 on Friday. 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 twelve month low of $1.11 and a twelve month high of $3.80.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of ParkerVision by 23.0% during the 2nd quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 107,500 shares during the period. Ingalls & Snyder LLC grew its stake in shares of ParkerVision by 14.0% during the 2nd quarter. Ingalls & Snyder LLC now owns 114,200 shares of the semiconductor company’s stock valued at $204,000 after buying an additional 14,000 shares during the period. Finally, ING Groep NV grew its stake in shares of ParkerVision by 154.2% during the 3rd quarter. ING Groep NV now owns 64,300 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 39,000 shares during the period. Institutional investors own 11.81% of the company’s stock.
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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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