Pc Tel Inc (PCTI) Files Form 4 Insider Buying : Martin H Singer Buys 25,000 Shares

Pc Tel Inc (PCTI): Martin H Singer , CEO of Pc Tel Inc purchased 25,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.78 per share for a total value of $119,465.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 11, 2016, Martin H Singer (CEO) purchased 5,000 shares at $5.24 per share price.On Jun 4, 2015, Jeffrey A Miller (Sr VP, Global Sales CS) sold 9,000 shares at $7.36 per share price.Also, On Mar 5, 2015, David A Neumann (Vice President, GM) purchased 2,000 shares at $8.51 per share price.On Mar 2, 2015, Anthony Kobrinetz (VP & COO, Connected Solutions) sold 3,000 shares at $8.12 per share price.

Shares of PC Tel Inc (PCTI) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -1.51% at $4.57 with 18,674 shares getting traded. Post opening the session at $4.68, the shares hit an intraday low of $4.52 and an intraday high of $4.68 and the price vacillated in this range throughout the day. The company has a market cap of $79 M and the number of outstanding shares has been calculated to be 1,72,64,986 shares. The 52-week high of PC Tel Inc is $7.91 and the 52-week low is $4.36.

PC Tel Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PC Tel Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . The Rating was issued on May 6, 2016.

PCTEL Inc. (PCTEL) delivers performance critical telecom solutions. PCTEL RF Solutions develops and provides test equipment software and engineering services for wireless networks. The Company operates in two segments: Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers performance critical antennas and site solutions for wireless networks globally. The RF Solutions segment develops and provides performance critical test equipment software and engineering services for wireless networks. Its antennas support wireless standards for cellular private and broadband networks. PCTEL antennas and site solutions support networks worldwide including SCADA for oil gas and utilities fleet management industrial operations healthcare small cell and network timing deployment defense public safety education and broadband access.

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