Aviat Networks (NASDAQ:AVNW) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Aviat Networks, Inc. (NASDAQ:AVNW) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.63 and traded as high as $22.86. Aviat Networks shares last traded at $21.46, with a volume of 228,342 shares.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Roth Mkm reduced their price target on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Northland Securities reiterated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Lake Street Capital reduced their price objective on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.60.

Aviat Networks Trading Down 4.9 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. The firm has a market capitalization of $272.11 million, a price-to-earnings ratio of -107.29 and a beta of 1.68. The business’s 50 day moving average price is $19.68 and its 200-day moving average price is $20.63.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities analysts forecast that Aviat Networks, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Trading of Aviat Networks

A number of institutional investors have recently added to or reduced their stakes in AVNW. GAMMA Investing LLC acquired a new stake in shares of Aviat Networks during the 4th quarter valued at approximately $34,000. Aquatic Capital Management LLC purchased a new position in Aviat Networks in the 4th quarter valued at approximately $106,000. AlphaQuest LLC acquired a new position in Aviat Networks during the fourth quarter worth $133,000. Quantbot Technologies LP purchased a new stake in Aviat Networks during the fourth quarter worth $156,000. Finally, Truvestments Capital LLC grew its holdings in Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.