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

Wireless Telecom Group Inc(NYSEMKT:WTT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 20, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.04.

Wireless Telecom Group Inc (WTT) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.72% at a volume of 5,569. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.42. The peak price level was also seen at $1.42 while the days lowest was $1.37. Finally the shares closed at $1.37. The 52-week high of the shares is $1.99 while the 52-week low is $1.23. According to the latest information available, the market cap of the company is $30 M.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Don Carlos Iii Bell (director) purchased 50,000 shares at $1.64 per share price.Also, On Aug 31, 2015, Mitchell H Herbets (director) purchased 2,000 shares at $1.85 per share price.On Aug 24, 2015, Timothy Whelan (director) purchased 3,040 shares at $1.88 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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