Aviat Networks (NASDAQ:AVNW) Stock Price Passes Above Two Hundred Day Moving Average of $32.13

Aviat Networks, Inc. (NASDAQ:AVNW)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.13 and traded as high as $33.42. Aviat Networks shares last traded at $33.18, with a volume of 58,249 shares.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AVNW. B. Riley reduced their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.75.

Aviat Networks Stock Up 1.0 %

The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $416.41 million, a price-to-earnings ratio of 26.13 and a beta of 1.73. The stock’s fifty day moving average price is $35.27 and its 200-day moving average price is $32.13.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Aviat Networks had a net margin of 4.23% and a return on equity of 15.11%. The company had revenue of $95.04 million for the quarter, compared to the consensus estimate of $91.85 million. On average, sell-side analysts predict that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of Aviat Networks

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC increased its holdings in Aviat Networks by 80.9% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 67,100 shares of the communications equipment provider’s stock worth $2,191,000 after buying an additional 30,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Aviat Networks by 582.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,349 shares of the communications equipment provider’s stock worth $77,000 after buying an additional 2,005 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Aviat Networks by 39.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 23,664 shares of the communications equipment provider’s stock worth $773,000 after buying an additional 6,648 shares during the last quarter. Millrace Asset Group Inc. acquired a new position in Aviat Networks during the fourth quarter worth $1,617,000. Finally, Trexquant Investment LP acquired a new position in Aviat Networks during the fourth quarter worth $569,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.