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 3, 2024, the last sale price
of our common stock as reported by NASDAQ was $22.33 per share.
High
Low
Year ended June 30, 2024:
First Quarter
$ 18.94
$ 15.52
Second Quarter
18.63
14.63
Third Quarter
22.50
16.50
Fourth Quarter
19.95
17.55
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
Holders
As of September 3, 2024,
there were 122 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. In addition, our current credit facilities contain
covenants that prohibit us from paying dividends.
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Repurchases
During
the fourth quarter of fiscal 2024 and 2023, we repurchased 88,011 and 0 shares of our common stock, respectively, at an aggregate cost
of $1.7 million and $0, 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 (the “Exchange Act”).
Period
Total
Number of Shares Purchased (1)
Average
Price Paid per Share (1)
Total
Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum
Number of Shares that May Yet Be Purchased Under the Plans or Programs (1)
April 1, 2024 to
April 30, 2024
32,334
$ 18.47
32,334
499,707
May 1, 2024 to
May 31, 2024
38,162
$ 19.17
38,162
461,545
June 1, 2024 to
June
30, 2024
17,515
$ 19.79
17,515
444,030
Total
88,011
$ 19.04
88,011
(1) In
December 2019, we announced that our Board of Directors authorized the repurchase of up to one million shares of our outstanding common
stock. The extent to which we repurchase our shares, and the timing of such repurchases is at our discretion and will depend upon a variety
of factors, including working capital requirements, market conditions, legal requirements, business condition, and other factors. Our
repurchase program has no stated expiration and may be discontinued at any time
ITEM 6. RESERVED
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