Revenue Update on Wireless Telecom Group Inc(NYSEMKT:WTT)

Wireless Telecom Group Inc(NYSEMKT:WTT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Earnings per share were $-0.01.

Wireless Telecom Group Inc (WTT) made into the market gainers list on Fridays trading session with the shares advancing 0.69% or 0.01 points. Due to strong positive momentum, the stock ended at $1.45, which is also near the day’s high of $1.5. The stock began the session at $1.5 and the volume stood at 7,721 shares. The 52-week high of the shares is $1.97 and the 52 week low is $1.23. The company has a current market capitalization of $27 M and it has 1,87,21,346 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2015, Mitchell H Herbets (director) purchased 2,000 shares at $1.85 per share price.Also, On Aug 24, 2015, Timothy Whelan (director) purchased 3,040 shares at $1.88 per share price.On May 29, 2015, Don Carlos Iii Bell (director) purchased 5,197 shares at $2.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Wireless Telecom Group Inc. designs and manufactures radio frequency (RF) and microwave-based products for wireless and communications industries and markets under Boonton Microlab and Noisecom brands. The Company operates in two segments: network solutions which offers RF passive components and integrated subsystems for signal conditioning and distribution through its Microlab subsidiary and test and measurement which offers electronic test and measurement equipment through its Boonton subsidiary. Its suite of instruments and components includes peak power meters signal analyzers RF passive components and integrated subsystems noise modules and precision noise generators. It serves commercial and government markets with solutions in distributed antenna systems (DAS) cellular or mobile wireless fidelity (WiFi) worldwide interoperability for microwave access (WiMAX) private mobile radio satellite cable radar avionics medical and computing applications.

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