Insider Buying: Wireless Telecom Group Inc (WTT) Insider Purchases 12,500 Shares of Stock

Wireless Telecom Group Inc (NYSEAMERICAN:WTT) insider Timothy Whelan bought 12,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $1.63 per share, for a total transaction of $20,375.00. Following the purchase, the insider now directly owns 139,373 shares in the company, valued at $227,177.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wireless Telecom Group stock traded up $0.01 during mid-day trading on Friday, hitting $1.59. 25,383 shares of the company’s stock traded hands, compared to its average volume of 24,762. Wireless Telecom Group Inc has a one year low of $1.40 and a one year high of $2.56.

Wireless Telecom Group (NYSEAMERICAN:WTT) last announced its earnings results on Tuesday, March 12th. The technology company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $12.09 million for the quarter.

An institutional investor recently raised its position in Wireless Telecom Group stock. X Square Capital LLC lifted its position in Wireless Telecom Group Inc (NYSEAMERICAN:WTT) by 17.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 337,488 shares of the technology company’s stock after buying an additional 50,000 shares during the period. X Square Capital LLC owned approximately 1.61% of Wireless Telecom Group worth $614,000 at the end of the most recent reporting period.

Separately, Dawson James reaffirmed a “buy” rating on shares of Wireless Telecom Group in a research note on Monday, December 3rd.

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Wireless Telecom Group Company Profile

Wireless Telecom Group, Inc, together with its subsidiaries, designs, develops, manufactures, and markets radio frequency (RF) and microwave based products in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in three segments: Network Solutions, Test and Measurement, and Embedded Solutions.

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