ParkerVision (NASDAQ:PRKR) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of ParkerVision (NASDAQ:PRKR) from a sell rating to a hold rating in a research note published on Thursday, January 4th.

According to Zacks, “ParkerVision, Inc. operates two segments – the Video Products Division and the Wireless Technology Division. The Video Division is engaged in the design, development and marketing of automated video camera control systems, marketed under the tradename CameraMan and automated production systems, marketed under the tradename PVTV Studio. The Wireless Division is engaged in the development and initial commercialization of its Direct2Data, or D2D, technology. “

ParkerVision (NASDAQ:PRKR) opened at $1.03 on Thursday. ParkerVision has a one year low of $1.02 and a one year high of $3.80. The company has a market capitalization of $20.48, a P/E ratio of -0.85 and a beta of 2.02. The company has a debt-to-equity ratio of -1.71, a quick ratio of 0.63 and a current ratio of 1.03.

A hedge fund recently raised its stake in ParkerVision stock. ING Groep NV boosted its position in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 154.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,300 shares of the semiconductor company’s stock after buying an additional 39,000 shares during the period. ING Groep NV owned approximately 0.34% of ParkerVision worth $102,000 as of its most recent SEC filing. 10.79% of the stock is currently owned by hedge funds and other institutional investors.

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About ParkerVision

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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