Aviat Networks (NASDAQ:AVNW) Stock Passes Above 200 Day Moving Average - Time to Sell?

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) shares 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.

Aviat Networks Stock Down 4.7%

The stock has a market cap of $294.57 million, a price-to-earnings ratio of -115.70 and a beta of 1.58. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $22.78 and a two-hundred day moving average of $20.64.

Insider Activity at Aviat Networks

In other Aviat Networks 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 transaction of $140,850.00. Following the transaction, the vice president owned 22,290 shares in the company, valued at $557,250. The trade was a 20.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 10,601 shares of company stock worth $255,825 in the last 90 days. Insiders own 4.10% of the company's stock.

Institutional Trading of Aviat Networks

A number of hedge funds and other institutional investors have recently modified their holdings of AVNW. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the fourth quarter worth about $156,000. American Century Companies Inc. increased its holdings in Aviat Networks by 12.0% in the fourth quarter. American Century Companies Inc. now owns 22,845 shares of the communications equipment provider's stock valued at $414,000 after buying an additional 2,440 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Aviat Networks in the fourth quarter valued at about $320,000. Franklin Resources Inc. increased its holdings in Aviat Networks by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 173,940 shares of the communications equipment provider's stock valued at $3,150,000 after buying an additional 3,288 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Aviat Networks by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock valued at $4,929,000 after buying an additional 1,171 shares during the last quarter. 78.62% of the stock is 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.