Aviat Networks (NASDAQ:AVNW) Stock Price Crosses Above Two Hundred Day Moving Average of $31.59

Aviat Networks, Inc. (NASDAQ:AVNW – Get Rating) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.59 and traded as high as $37.39. Aviat Networks shares last traded at $37.08, with a volume of 44,465 shares trading hands.

Analyst Upgrades and Downgrades

AVNW has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research report on Thursday, February 2nd. B. Riley boosted their price objective on shares of Aviat Networks from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Finally, StockNews.com upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a research report on Thursday, February 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aviat Networks presently has a consensus rating of “Buy” and an average price target of $57.67.

Aviat Networks Price Performance

The firm’s fifty day moving average price is $33.30 and its 200-day moving average price is $31.59. The company has a market capitalization of $422.53 million, a price-to-earnings ratio of 31.97 and a beta of 1.67.

Institutional Trading of Aviat Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in Aviat Networks in the third quarter valued at $25,000. State of Wyoming increased its holdings in Aviat Networks by 124.2% in the fourth quarter. State of Wyoming now owns 1,919 shares of the communications equipment provider’s stock valued at $60,000 after purchasing an additional 1,063 shares during the period. Barclays PLC increased its holdings in Aviat Networks by 542.3% in the fourth quarter. Barclays PLC now owns 3,006 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,538 shares during the period. Lazard Asset Management LLC increased its holdings in Aviat Networks by 2,982.7% in the second quarter. Lazard Asset Management LLC now owns 3,021 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 2,923 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Aviat Networks during the third quarter valued at $86,000. 68.93% of the stock is currently owned by institutional investors and hedge funds.

About Aviat Networks

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Aviat Networks, Inc engages in the design, manufacture, and sale of wireless network products and solutions. Its product includes wireless transmission networking systems for microwave and millimeter wave networking applications such as microwave routers, microwave switches, and split mount RF unit. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services.