Media headlines about PC Tel (NASDAQ:PCTI) have been trending somewhat negative on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PC Tel earned a daily sentiment score of -0.15 on Accern’s scale. Accern also assigned media coverage about the Wireless communications provider an impact score of 47.0957042943542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, B. Riley reiterated a “buy” rating and issued a $8.50 price objective on shares of PC Tel in a research note on Thursday, November 9th.
PC Tel (NASDAQ:PCTI) opened at $7.37 on Friday. The company has a market cap of $131.36, a P/E ratio of -25.41 and a beta of 0.66. PC Tel has a 12-month low of $5.15 and a 12-month high of $8.48.
In other news, Director Brian J. Jackman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $7.21, for a total value of $72,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.46% of the stock is currently owned by insiders.
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About PC Tel
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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