PC Tel (NASDAQ:PCTI) Cut to “Hold” at ValuEngine

PC Tel (NASDAQ:PCTI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research lowered Garrett Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.

Shares of NASDAQ:PCTI opened at $4.74 on Tuesday. The company has a fifty day moving average of $4.82. PC Tel has a fifty-two week low of $3.88 and a fifty-two week high of $6.33. The company has a market capitalization of $88.77 million, a PE ratio of -20.61 and a beta of 0.05.

A number of institutional investors have recently bought and sold shares of the business. Rutabaga Capital Management LLC MA boosted its stake in PC Tel by 69.3% in the first quarter. Rutabaga Capital Management LLC MA now owns 941,895 shares of the Wireless communications provider’s stock worth $4,719,000 after purchasing an additional 385,535 shares in the last quarter. BlackRock Inc. boosted its stake in PC Tel by 3.4% in the fourth quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock worth $2,284,000 after purchasing an additional 17,488 shares in the last quarter. Boston Partners boosted its stake in PC Tel by 44.1% in the first quarter. Boston Partners now owns 193,541 shares of the Wireless communications provider’s stock worth $970,000 after purchasing an additional 59,241 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in PC Tel in the fourth quarter worth $418,000. Finally, Wedge Capital Management L L P NC boosted its stake in PC Tel by 30.9% in the first quarter. Wedge Capital Management L L P NC now owns 62,965 shares of the Wireless communications provider’s stock worth $315,000 after purchasing an additional 14,865 shares in the last quarter. 62.88% of the stock is currently owned by institutional investors.

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.

See Also: Return on Equity (ROE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for PC Tel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Tel and related companies with MarketBeat.com's FREE daily email newsletter.