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Aviat Networks (NASDAQ:AVNW) Stock Price Passes Above 200-Day Moving Average - Here's Why

Aviat Networks logo with Computer and Technology background

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.59 and traded as high as $24.59. Aviat Networks shares last traded at $24.27, with a volume of 74,422 shares trading hands.

Aviat Networks Stock Performance

The stock has a market capitalization of $295.21 million, a PE ratio of -115.95 and a beta of 1.58. The stock has a fifty day moving average of $22.83 and a 200-day moving average of $20.68. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27.

Insiders Place Their Bets

In other news, VP Erin Boase sold 5,634 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total value of $140,850.00. Following the completion of the sale, the vice president directly owned 22,290 shares of the company's stock, valued at approximately $557,250. The trade was a 20.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 10,601 shares of company stock worth $255,825 in the last three months. 4.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently made changes to their positions in AVNW. GAMMA Investing LLC increased its holdings in shares of Aviat Networks by 36.9% in the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock valued at $50,000 after purchasing an additional 699 shares in the last quarter. Comerica Bank increased its stake in shares of Aviat Networks by 40.2% during 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 in the last quarter. US Bancorp DE purchased a new position in shares of Aviat Networks during the 1st quarter worth approximately $82,000. Aquatic Capital Management LLC purchased a new position in shares of Aviat Networks during the 4th quarter worth approximately $106,000. Finally, Quantbot Technologies LP purchased a new stake in Aviat Networks during the 4th quarter worth about $156,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

About Aviat Networks

(Get Free Report)

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.

Further Reading

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