ParkerVision (PRKR) Stock Spikes on Samsung License, Settlement Deal

ParkerVision (PRKR) stock is trading sharply higher this morning after reaching a licensing deal and settlement with Samsung (SSNLF).
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of ParkerVision (PRKR) are soaring 62.34% to $5.73 on heavy trading volume Monday morning after the radio-frequency technology company agreed to settle a patent suit with Samsung (SSNLF) for the license of its current patent portfolio.

"Samsung is a world leader in technology and innovation, and we are pleased to welcome Samsung as a licensee of our technologies and to dismiss the outstanding litigation between the parties," CEO Jeffrey Parker said in a statement.

ParkerVision also agreed to dismiss its claims against Samsung in two district court cases.

About 2.61 million shares of ParkerVision have been traded so far today, well above its average trading volume of roughly 32,541 shares per day. 

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D-.

ParkerVision's weaknesses include its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk.

You can view the full analysis from the report here: PRKR

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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