Aviat Networks (NASDAQ:AVNW) Shares Cross Above 200 Day Moving Average of $0.00

Shares of Aviat Networks Inc (NASDAQ:AVNW) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $12.92. Aviat Networks shares last traded at $12.78, with a volume of 645 shares trading hands.

Separately, ValuEngine upgraded Aviat Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd.

The stock’s 50 day moving average is $13.15. The company has a market cap of $71.47 million, a P/E ratio of 21.18 and a beta of 0.84.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Monday, May 13th. The communications equipment provider reported ($0.33) EPS for the quarter. Aviat Networks had a net margin of 2.46% and a return on equity of 5.66%. The company had revenue of $54.04 million during the quarter.

A hedge fund recently raised its stake in Aviat Networks stock. Kennedy Capital Management Inc. boosted its holdings in Aviat Networks Inc (NASDAQ:AVNW) by 0.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,238 shares of the communications equipment provider’s stock after purchasing an additional 4,447 shares during the quarter. Kennedy Capital Management Inc. owned 9.82% of Aviat Networks worth $8,114,000 at the end of the most recent reporting period. 51.95% of the stock is currently owned by institutional investors.

About Aviat Networks (NASDAQ:AVNW)

Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.

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