Airspan Networks (NYSE:MIMO) Shares Up 17%

Airspan Networks Holdings Inc. (NYSE:MIMO) shot up 17% during mid-day trading on Monday . The stock traded as high as $0.13 and last traded at $0.13. 2,755,220 shares were traded during mid-day trading, a decline of 78% from the average session volume of 12,343,423 shares. The stock had previously closed at $0.11.

Airspan Networks Trading Up 17.0 %

The company’s fifty day simple moving average is $0.14 and its 200 day simple moving average is $0.13. The stock has a market capitalization of $9.87 million, a P/E ratio of -0.17 and a beta of 0.18.

Institutional Investors Weigh In On Airspan Networks

Several large investors have recently added to or reduced their stakes in MIMO. Vanguard Group Inc. grew its stake in Airspan Networks by 30.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,033,494 shares of the company’s stock worth $2,088,000 after buying an additional 238,515 shares in the last quarter. State Street Corp lifted its holdings in shares of Airspan Networks by 322.7% during the 2nd quarter. State Street Corp now owns 305,588 shares of the company’s stock worth $51,000 after acquiring an additional 233,300 shares during the last quarter. Northern Trust Corp grew its position in Airspan Networks by 13.4% in the first quarter. Northern Trust Corp now owns 53,929 shares of the company’s stock worth $157,000 after acquiring an additional 6,369 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in Airspan Networks in the fourth quarter valued at $28,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Airspan Networks during the first quarter valued at about $49,000. Institutional investors own 58.71% of the company’s stock.

About Airspan Networks

Airspan Networks Holdings Inc designs and produces wireless network equipment for 4G and 5G networks for mainstream public telecommunications service providers and private network implementations. It offers a range of 4G and 5G network build and network densification products with a portfolio of software and hardware tools for indoor and outdoor, compact femto, pico, micro, and macro base stations, as well as fixed wireless access and backhaul solutions portfolio for point-to-point and point-to-multipoint applications.