Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is quoted
under the symbol “PDEX” on the Nasdaq Capital Market (“NASDAQ”). The following table sets forth for the quarters
indicated the high and low sales prices of our common stock as reported by NASDAQ. The quotations reflect inter-dealer prices, without
retail markup, markdown, or commissions, and may not necessarily represent actual transactions. On September 29, 2023, the last sale price
of our common stock as reported by NASDAQ was $15.70 per share.
High
Low
Year ended June 30, 2023:
First
Quarter
$ 20.25
$ 14.94
Second Quarter
19.93
15.80
Third Quarter
17.71
15.29
Fourth Quarter
19.24
15.50
Year ended June 30, 2022:
First Quarter
$ 31.51
$ 23.78
Second Quarter
25.90
20.44
Third Quarter
25.81
15.00
Fourth Quarter
16.51
13.16
Holders
As of September 29, 2023,
there were 120 holders of record of our common stock. This number does not include beneficial owners including holders whose shares are
held in nominee, or “street,” name.
Dividends
We have never paid a cash
dividend with respect to our common stock. The current policy of our Board of Directors is to retain any future earnings to provide funds
for the operation and expansion of our business or for repurchases of our common stock pursuant to our repurchase plans. Any determinations
to pay dividends in the future will be at the discretion of our Board of Directors.
Repurchases
During
the fourth quarter of fiscal 2023 and 2022, we repurchased 0 and 22,532 shares of our common stock, respectively, at an aggregate cost
of $0 and $350,000, respectively, through Board approved prearranged share repurchase plans intended to qualify for the safe harbor under
Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
ITEM 6. RESERVED
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.