StockNews.com initiated coverage on shares of PCTEL (NASDAQ:PCTI – Get Rating) in a research note issued to investors on Monday. The brokerage issued a buy rating on the Wireless communications provider’s stock.
PCTEL Stock Performance
Shares of PCTI stock opened at $4.53 on Monday. The stock has a market cap of $85.03 million, a price-to-earnings ratio of 75.51 and a beta of 0.41. PCTEL has a 52-week low of $3.90 and a 52-week high of $5.94. The firm’s 50-day moving average is $4.59 and its 200-day moving average is $4.54.
PCTEL Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.22 annualized dividend and a dividend yield of 4.86%. PCTEL’s dividend payout ratio is 366.73%.
Hedge Funds Weigh In On PCTEL
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.
- Get a free copy of the StockNews.com research report on PCTEL (PCTI)
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