Aviat Networks (NASDAQ:AVNW) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

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 - )'s share 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 traded.

Aviat Networks Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. The stock has a market capitalization of $274.84 million, a price-to-earnings ratio of -107.95 and a beta of 1.56. The company has a 50-day moving average of $23.03 and a 200-day moving average of $20.91.

Insider Activity

In related news, VP Erin Boase sold 5,634 shares of Aviat Networks 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 directly owned 22,290 shares in the company, valued at $557,250. The trade was a 20.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 10,601 shares of company stock worth $255,825. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AVNW. Jacobs Levy Equity Management Inc. acquired a new position in Aviat Networks in the 1st quarter valued at $3,783,000. Marshall Wace LLP raised its holdings in Aviat Networks by 475.9% in the 4th quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock valued at $4,166,000 after acquiring an additional 190,074 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in Aviat Networks in the 4th quarter valued at $3,077,000. Nuveen LLC acquired a new position in Aviat Networks in the 1st quarter valued at $3,366,000. Finally, Pacific Ridge Capital Partners LLC acquired a new position in Aviat Networks in the 1st quarter valued at $3,120,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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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