Could Pc-tel Inc (NASDAQ:PCTI) See a Reversal After More Sellers Came In?

August 9, 2018 - By Mary Kidd

PCTEL, Inc. (NASDAQ:PCTI) Logo

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.25, from 1.3 in 2017Q4. It dropped, as 3 investors sold PCTEL, Inc. shares while 17 reduced holdings. 7 funds opened positions while 14 raised stakes. 13.23 million shares or 0.01% less from 13.23 million shares in 2017Q4 were reported.
Penbrook Management Limited Co, a New York-based fund reported 70,385 shares. Raymond James And holds 0% of its portfolio in PCTEL, Inc. (NASDAQ:PCTI) for 120,312 shares. Tudor Investment Corp Et Al owns 0.01% invested in PCTEL, Inc. (NASDAQ:PCTI) for 32,931 shares. Vanguard holds 0% or 527,429 shares in its portfolio. 503,375 were reported by Blackrock. Spark Inv Management Lc invested in 0.02% or 34,200 shares. Putnam Investments Ltd Com stated it has 35,734 shares or 0% of all its holdings. Great West Life Assurance Can holds 492 shares or 0% of its portfolio. Deprince Race And Zollo reported 540,840 shares. Jpmorgan Chase Com invested in 0% or 22,032 shares. National Bank Of America De reported 5,475 shares. Prudential Fincl Inc owns 59,300 shares. Awm Communications stated it has 0.38% in PCTEL, Inc. (NASDAQ:PCTI). Raymond James Financial Inc holds 12,847 shares. Wells Fargo And Mn invested in 0% or 16,113 shares.

Since May 14, 2018, it had 2 insider purchases, and 0 selling transactions for $13,893 activity. On Monday, May 14 Neumann David A bought $7,020 worth of PCTEL, Inc. (NASDAQ:PCTI) or 1,000 shares.

The stock of Pc-tel Inc (NASDAQ:PCTI) registered an increase of 2.81% in short interest. PCTI’s total short interest was 18,300 shares in August as published by FINRA. Its up 2.81% from 17,800 shares, reported previously. With 26,600 shares average volume, it will take short sellers 1 days to cover their PCTI’s short positions. The short interest to Pc-tel Inc’s float is 0.13%.

The stock decreased 17.11% or $0.97 during the last trading session, reaching $4.7. About 188,207 shares traded or 550.34% up from the average. PCTEL, Inc. (NASDAQ:PCTI) has risen 7.17% since August 9, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

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 has market cap of $82.08 million. The firm operates in two divisions, Connected Solutions and RF Solutions. It has a 26.4 P/E ratio. The Connected Solutions segment creates 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.

More recent PCTEL, Inc. (NASDAQ:PCTI) news were published by: Businesswire.com which released: “PCTEL Announces Trooperâ„¢ II – Slender LTE/Wi-Fi/Multi-GNSS Antenna” on August 06, 2018. Also Streetinsider.com published the news titled: “PCTEL (PCTI) Misses Q2 EPS by 5c, Revenues Miss” on August 08, 2018. Streetinsider.com‘s news article titled: “B.Riley/FBR Downgrades PCTEL (PCTI) to Neutral” with publication date: August 09, 2018 was also an interesting one.

PCTEL, Inc. (NASDAQ:PCTI) Institutional Positions Chart

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