Wireless Telecom Group (NYSEAMERICAN:WTT) released its earnings results on Wednesday, May 9th. The technology company reported $0.02 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $13.26 million for the quarter. Wireless Telecom Group had a return on equity of 7.11% and a net margin of 5.20%.
Shares of WTT stock opened at $2.42 on Friday. Wireless Telecom Group has a 1-year low of $2.37 and a 1-year high of $2.37.
Several large investors have recently made changes to their positions in WTT. Algert Global LLC purchased a new position in shares of Wireless Telecom Group in the fourth quarter worth about $159,000. Frontier Investment Mgmt Co. raised its position in Wireless Telecom Group by 207.6% during the fourth quarter. Frontier Investment Mgmt Co. now owns 66,677 shares of the technology company’s stock valued at $162,000 after acquiring an additional 45,000 shares in the last quarter. Deutsche Bank AG raised its position in Wireless Telecom Group by 187.6% during the fourth quarter. Deutsche Bank AG now owns 90,317 shares of the technology company’s stock valued at $219,000 after acquiring an additional 58,917 shares in the last quarter. X Square Capital LLC purchased a new stake in shares of Wireless Telecom Group in the first quarter valued at approximately $600,000. Finally, Renaissance Technologies LLC increased its position in shares of Wireless Telecom Group by 12.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,014,200 shares of the technology company’s stock valued at $2,465,000 after buying an additional 109,700 shares in the last quarter.
Wireless Telecom Group, Inc, together with its subsidiaries, designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Network Solutions, and Test and Measurement.
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