Somewhat Negative Media Coverage Somewhat Unlikely to Affect PC Tel (PCTI) Share Price

Media headlines about PC Tel (NASDAQ:PCTI) have trended somewhat negative on Sunday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PC Tel earned a news impact score of -0.05 on Accern’s scale. Accern also assigned news articles about the Wireless communications provider an impact score of 45.7044854632342 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of NASDAQ:PCTI traded down $0.25 during trading on Friday, reaching $4.44. 353,726 shares of the company traded hands, compared to its average volume of 43,944. The firm has a market cap of $85.63 million, a PE ratio of 44.40 and a beta of 0.51. PC Tel has a 52-week low of $4.41 and a 52-week high of $7.85.

PC Tel (NASDAQ:PCTI) last announced its earnings results on Wednesday, May 9th. The Wireless communications provider reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company 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 quarter in the prior year, the company earned $0.05 earnings per share. equities research analysts forecast that PC Tel 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. Investors of record on Wednesday, August 8th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, August 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.95%. PC Tel’s dividend payout ratio is presently 220.00%.

Several analysts have issued reports on the company. Zacks Investment Research lowered PC Tel from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. ValuEngine lowered PC Tel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. TheStreet raised PC Tel from a “c+” rating to a “b” rating in a research note on Friday, May 4th. B. Riley raised PC Tel from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $8.50 to $4.50 in a research note on Thursday. Finally, Lake Street Capital lowered PC Tel from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $6.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.25.

About PC Tel

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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