Aviat Networks (NASDAQ:AVNW) Share Price Passes Above 200 Day Moving Average – Time to Sell?

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 $21.51 and traded as high as $22.62. Aviat Networks shares last traded at $22.04, with a volume of 138,669 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on AVNW. Northland Securities raised their price target on Aviat Networks from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Citigroup upgraded shares of Aviat Networks to an “outperform” rating in a research report on Monday, June 15th. Zacks Research raised shares of Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Lake Street Capital set a $31.00 price target on shares of Aviat Networks and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Aviat Networks currently has an average rating of “Moderate Buy” and an average price target of $33.14.

Aviat Networks Stock Down 2.9%

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67. The stock has a market cap of $276.92 million, a price-to-earnings ratio of 31.01 and a beta of 0.70. The firm has a 50 day simple moving average of $20.79 and a two-hundred day simple moving average of $21.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Aviat Networks in the 3rd quarter valued at $27,000. Raymond James Financial Inc. acquired a new stake in Aviat Networks during the 2nd quarter worth $28,000. Potomac Capital Management Inc. bought a new position in Aviat Networks during the fourth quarter worth about $43,000. Comerica Bank lifted its holdings in Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Aviat Networks by 96.5% in the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 1,120 shares during the period. Institutional investors own 78.62% of the company’s stock.

About Aviat Networks

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.