PC Tel (NASDAQ:PCTI) Stock Price Passes Above 50 Day Moving Average of $4.85

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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.

Several analysts have commented on PCTI shares. 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 cut 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 stock has a 50 day simple moving average of $4.84.

A number of hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its stake in PC Tel by 30.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 62,965 shares of the Wireless communications provider’s stock worth $315,000 after purchasing an additional 14,865 shares in the last quarter. BlackRock Inc. lifted 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 purchasing an additional 17,488 shares in the last quarter. Stifel Financial Corp purchased a new stake in PC Tel in the 4th quarter worth $111,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of PC Tel during the 1st quarter valued at about $145,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of PC Tel during the 4th quarter valued at about $159,000. Institutional investors and hedge funds own 62.88% of the company’s stock.

About PC Tel (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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