PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT. Its antenna portfolio includes Wi-Fi, Bluetooth, land mobile radio, tetra, global navigation satellite systems, cellular, industrial, scientific, medical, long range, and combination antenna solutions for used in public safety and military communications, utilities and energy, precision agriculture, smart traffic management, electric vehicle charging stations, embedded vehicles, forestry machinery, and off-road vehicles, as well as offers engineering design services. The company's industrial IoT devices include access points, radio modules, sensor communication modules, and wireless communication sensors for used in utilities and smart grid, oil and gas, manufacturing, logistics, industrial automation, smart metering, and asset tracking markets. It also offers radio frequency (RF) test and measurement products that enhance the performance of wireless networks with a focus on LTE, public safety, and 5G technologies for cellular testing, public safety and private radio network testing, federal government communications testing, and indoor building network testing applications. In addition, the company provides a cloud-based reporting platform for public safety to manage the data collection process and access final reports through an online map-based interface. It supplies its products to wireless equipment distributors, public and private carriers, wireless infrastructure providers, and value-added resellers, as well as original equipment manufacturers. PCTEL, Inc. was incorporated in 1994 and is headquartered in Bloomingdale, Illinois.
PCTEL Stock Up 5.5 %
PCTI traded up $0.27 during trading on Friday, reaching $5.18. The company had a trading volume of 27,588 shares, compared to its average volume of 33,687. The business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $4.47. The stock has a market cap of $96.75 million, a P/E ratio of -489.51 and a beta of 0.44. PCTEL has a 52 week low of $3.90 and a 52 week high of $6.80.
PCTEL Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 8th were issued a $0.055 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.22 annualized dividend and a dividend yield of 4.25%. PCTEL's dividend payout ratio (DPR) is presently -2,197.80%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on PCTEL in a research note on Wednesday. They issued a "buy" rating for the company.