Aviat Networks, Inc. (NASDAQ:AVNW – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 413,100 shares, a decline of 8.0% from the September 15th total of 448,800 shares. Based on an average daily volume of 124,700 shares, the days-to-cover ratio is presently 3.3 days.
Aviat Networks Stock Performance
Aviat Networks stock opened at $23.23 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79. Aviat Networks has a 1-year low of $18.00 and a 1-year high of $38.85. The firm has a market capitalization of $291.88 million, a P/E ratio of 20.56 and a beta of 1.80. The company’s 50-day moving average is $24.36 and its 200 day moving average is $28.54.
Institutional Trading of Aviat Networks
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC purchased a new stake in Aviat Networks in the 1st quarter worth about $1,330,000. Select Equity Group L.P. grew its stake in Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after acquiring an additional 30,582 shares in the last quarter. Vanguard Group Inc. grew its stake in Aviat Networks by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after acquiring an additional 11,662 shares in the last quarter. Hodges Capital Management Inc. grew its stake in Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock worth $10,487,000 after acquiring an additional 163,365 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Aviat Networks by 45.4% in the 1st quarter. Private Advisor Group LLC now owns 12,832 shares of the communications equipment provider’s stock worth $492,000 after acquiring an additional 4,009 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Read Our Latest Research Report on Aviat Networks
Aviat Networks Company Profile
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.
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