ParkerVision Inc. (PRKR) Announces Quarterly Earnings Results
ParkerVision Inc. (NASDAQ:PRKR) issued its earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.44. The business earned $4 million during the quarter, compared to analyst estimates of $28.40 million. ParkerVision had a negative return on equity of 763.33% and a negative net margin of 26,974.32%. During the same quarter in the prior year, the firm earned ($0.30) earnings per share.
Shares of ParkerVision (NASDAQ:PRKR) opened at 3.05 on Tuesday. ParkerVision has a 52 week low of $1.46 and a 52 week high of $8.18. The stock’s market cap is $39.08 million. The firm has a 50-day moving average price of $3.89 and a 200 day moving average price of $4.12.
An institutional investor recently raised its position in ParkerVision stock. Vanguard Group Inc. increased its stake in ParkerVision Inc. (NASDAQ:PRKR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,560 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned 2.23% of ParkerVision worth $818,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.94% of the company’s stock.
Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th.
ParkerVision Company Profile
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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