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 automated quotation system of 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 6, 2022, the last sale price of our common stock as reported by NASDAQ was $19.68 per share.
High
Low
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
Year ended June 30, 2021:
First Quarter
$ 31.42
$ 17.01
Second Quarter
42.60
26.96
Third Quarter
33.66
21.97
Fourth Quarter
35.80
25.76
Holders
As of September
6, 2022, there were 116 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. 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 2022 and 2021, we repurchased 22,532 and 54,880 shares of our common stock, respectively, at an aggregate
cost of $350,000 and $1.5 million, 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. Repurchases
by us of our common stock by month during the quarter ended June 30, 2022, were as follows:
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
April 1, 2022 to April 30, 2022
737,885
May 1, 2022 to May 31, 2022
16,251
$ 15.41
16,251
721,634
June 1, 2022 to June 30, 2022
6,281
$ 15.89
6,281
715,353
All
repurchases were made pursuant to our previously announced repurchase programs.
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.