Shares of Aviat Networks Inc. (NASDAQ:AVNW) gapped up prior to trading on Tuesday . The stock had previously closed at $9.09, but opened at $9.20. Aviat Networks shares last traded at $9.50, with a volume of 11,719 shares trading hands.

The stock’s market capitalization is $50.40 million. The firm’s 50 day moving average is $8.68 and its 200-day moving average is $7.98.

An institutional investor recently raised its position in Aviat Networks stock. Renaissance Technologies LLC boosted its stake in Aviat Networks Inc. (NASDAQ:AVNW) by 8.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,852,300 shares of the company’s stock after buying an additional 143,400 shares during the period. Renaissance Technologies LLC owned 2.94% of Aviat Networks worth $1,315,000 at the end of the most recent quarter. Institutional investors own 54.52% of the company’s stock.

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Aviat Networks Company Profile

Aviat Networks, Inc designs, manufactures and sells a range of wireless networking products, solutions and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies and broadcast network operators around the world.

5 Day Chart for NASDAQ:AVNW

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