Analysts Expect PC Tel Inc (NASDAQ:PCTI) to Post $0.07 EPS

Shares of PC Tel Inc (NASDAQ:PCTI) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Brokerages have set a 12 month consensus price target of $5.50 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PC Tel an industry rank of 28 out of 256 based on the ratings given to related companies.

A number of equities analysts have issued reports on PCTI shares. ValuEngine raised shares of PC Tel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research cut shares of PC Tel from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

A number of hedge funds have recently made changes to their positions in the business. Boston Partners acquired a new position in PC Tel in the fourth quarter valued at $576,000. FDx Advisors Inc. acquired a new position in PC Tel in the fourth quarter valued at $207,000. BlackRock Inc. boosted its holdings in PC Tel by 3.4% in the fourth quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock valued at $2,284,000 after acquiring an additional 17,488 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in PC Tel in the fourth quarter valued at $406,000. Finally, Stifel Financial Corp acquired a new position in PC Tel in the fourth quarter valued at $111,000. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PC Tel stock traded down $0.02 during midday trading on Friday, reaching $5.18. The company had a trading volume of 28,769 shares, compared to its average volume of 72,842. The firm has a market cap of $95.77 million, a P/E ratio of -22.52 and a beta of 0.05. The company’s fifty day moving average is $4.86. PC Tel has a 1-year low of $3.88 and a 1-year high of $6.33.

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 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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