Aviat Networks (NASDAQ:AVNW) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Aviat Networks, Inc. (NASDAQ:AVNW)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.63 and traded as high as $21.99. Aviat Networks shares last traded at $20.95, with a volume of 110,732 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AVNW shares. Citigroup raised shares of Aviat Networks to an “outperform” rating in a research report on Monday, June 15th. Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Northland Securities lifted their price objective on shares of Aviat Networks from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Lake Street Capital set a $31.00 target price on shares of Aviat Networks and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Craig Hallum initiated coverage on Aviat Networks in a report on Tuesday, June 30th. They issued a “buy” rating and a $36.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aviat Networks currently has an average rating of “Moderate Buy” and an average price target of $33.14.

Aviat Networks Trading Down 1.1%

The stock has a market cap of $271.07 million, a PE ratio of 30.36 and a beta of 0.70. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $18.95 and a two-hundred day simple moving average of $21.63.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The company had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. As a group, equities analysts expect that Aviat Networks, Inc. will post 1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Aviat Networks during the third quarter valued at about $27,000. Raymond James Financial Inc. purchased a new position in shares of Aviat Networks in the 2nd quarter worth about $28,000. Potomac Capital Management Inc. purchased a new position in shares of Aviat Networks in the 4th quarter worth about $43,000. Comerica Bank increased its position in shares of Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Aviat Networks by 96.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 1,120 shares during the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

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.