PC Tel (NASDAQ:PCTI) Shares Pass Above 50 Day Moving Average of $4.85

Shares of PC Tel Inc (NASDAQ:PCTI) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.85 and traded as high as $5.10. PC Tel shares last traded at $5.10, with a volume of 252 shares traded.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Garrett Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.

The company has a market cap of $91.82 million, a price-to-earnings ratio of -21.74 and a beta of 0.05. The business has a 50 day moving average price of $4.84.



A number of hedge funds have recently modified their holdings of PCTI. BlackRock Inc. grew its stake in PC Tel by 3.4% in the 4th quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock worth $2,284,000 after acquiring an additional 17,488 shares in the last quarter. Stifel Financial Corp bought a new position in PC Tel in the 4th quarter worth about $111,000. 1492 Capital Management LLC bought a new position in PC Tel in the 4th quarter worth about $159,000. Municipal Employees Retirement System of Michigan bought a new position in PC Tel in the 4th quarter worth about $418,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in PC Tel in the 1st quarter worth about $145,000. Institutional investors and hedge funds own 62.88% of the company’s stock.

PC Tel Company Profile (NASDAQ:PCTI)

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 designs and manufactures 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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