ParkerVision, Inc. (NASDAQ:PRKR)’s share price was up 4.3% during trading on Tuesday . The company traded as high as $1.11 and last traded at $0.88. Approximately 352,064 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 271,760 shares. The stock had previously closed at $0.92.
Separately, Zacks Investment Research downgraded shares of ParkerVision from a “hold” rating to a “sell” rating in a report on Friday, November 24th.
The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of -1.71. The firm has a market capitalization of $16.94, a price-to-earnings ratio of -0.76 and a beta of 1.91.
An institutional investor recently raised its position in ParkerVision stock. ING Groep NV raised its stake in ParkerVision, Inc. (NASDAQ:PRKR) by 154.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 64,300 shares of the semiconductor company’s stock after buying an additional 39,000 shares during the quarter. ING Groep NV owned approximately 0.34% of ParkerVision worth $102,000 as of its most recent SEC filing. 12.08% of the stock is owned by institutional investors.
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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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