Aviat Networks (NASDAQ:AVNW) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Aviat Networks' stock price recently crossed above its 200-day moving average, with a last trading price of $21.59, indicating a potential upward trend in its performance.
• The company has a market capitalization of $274.84 million and a relatively low debt-to-equity ratio of 0.27, highlighting its financial stability.
• Insider selling activity has been noted, with VP Erin Boase selling over 5,600 shares for approximately $140,850, indicating a reduction in personal stake in the company.

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.91 and traded as high as $21.91. Aviat Networks shares last traded at $21.59, with a volume of 68,521 shares changing hands.

Aviat Networks Stock Performance

The company has a market cap of $274.33 million, a PE ratio of -107.75 and a beta of 1.56. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $23.05 and a 200-day moving average of $20.98.

Insiders Place Their Bets

In related news, VP Erin Boase sold 5,634 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the transaction, the vice president owned 22,290 shares of the company's stock, valued at $557,250. This trade represents a 20.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 10,601 shares of company stock valued at $255,825 over the last 90 days. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Aviat Networks

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Aviat Networks in the 2nd quarter worth $28,000. GAMMA Investing LLC raised its holdings in Aviat Networks by 36.9% in the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock worth $50,000 after purchasing an additional 699 shares during the period. Comerica Bank raised its holdings in Aviat Networks by 40.2% in the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 780 shares during the period. US Bancorp DE bought a new position in Aviat Networks in the 1st quarter worth $82,000. Finally, Aquatic Capital Management LLC bought a new position in Aviat Networks in the 4th quarter worth $106,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

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.