Shares of ParkerVision Inc. (NASDAQ: PRKR), a designer, developer and seller of radio frequency technologies and products for use in semiconductor circuits for wireless communications products, are soaring in trading today.
At last check, PRKR shares were trading 12.10% higher at $3.15 on above average volume of 1.84 million. The stock touched a new 52-week high of $3.25 in trading today.
ParkerVision shares are soaring after Ladenburg Thalmann initiated coverage on the company with a Buy rating. The research firm set a price target of $5 on PRKR shares.
In its most recently reported quarter (Q1), PRKR reported a net loss of $4.1 million, or $0.06 per share, compared to a net loss of $3.4 million, or $0.06 per share reported for the same period in 2011.
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