Michael Kandell Buys 9,000 Shares of Wireless Telecom Group Inc (WTT) Stock

Wireless Telecom Group Inc (NYSEMKT:WTT) CFO Michael Kandell purchased 9,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $1.42 per share, for a total transaction of $12,780.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $7,100. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Michael Kandell also recently made the following trade(s):

  • On Wednesday, September 13th, Michael Kandell purchased 5,000 shares of Wireless Telecom Group stock. The shares were purchased at an average cost of $1.44 per share, for a total transaction of $7,200.00.

Wireless Telecom Group Inc (NYSEMKT:WTT) remained flat at $1.42 during trading on Friday. The company’s stock had a trading volume of 7,008 shares. The company’s market cap is $31.78 million. The stock has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.49. Wireless Telecom Group Inc has a 52 week low of $1.30 and a 52 week high of $1.99.

Wireless Telecom Group (NYSEMKT:WTT) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.07) earnings per share for the quarter. Wireless Telecom Group had a negative net margin of 11.46% and a negative return on equity of 15.08%. The firm had revenue of $11.93 million during the quarter.

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An institutional investor recently raised its position in Wireless Telecom Group stock. Renaissance Technologies LLC grew its stake in shares of Wireless Telecom Group Inc (NYSEMKT:WTT) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 857,100 shares of the technology company’s stock after purchasing an additional 13,600 shares during the period. Renaissance Technologies LLC owned approximately 3.85% of Wireless Telecom Group worth $1,269,000 at the end of the most recent reporting period.

Wireless Telecom Group Company Profile

Wireless Telecom Group, Inc designs and manufactures radio frequency and microwave-based products for wireless and communications industries. It markets its products and services under the brand names, Boonton, Microlab and Noisecom. It serves commercial and government markets with solutions in distributed antenna systems (DAS), cellular/mobile, wireless fidelity, worldwide interoperability for microwave access (WiMAX), private mobile radio, satellite, cable, radar, avionics, medical and computing applications.

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