Airspan Networks (NYSE:MIMO) Stock Price Up 17%

Airspan Networks Holdings Inc. (NYSE:MIMO)’s stock price shot up 17% during mid-day trading on Monday . The company traded as high as $0.13 and last traded at $0.13. 2,755,220 shares traded hands 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 Stock Up 17.0 %

The firm has a fifty day moving average of $0.14 and a 200-day moving average of $0.13. The firm has a market cap of $9.87 million, a P/E ratio of -0.17 and a beta of 0.18.

Hedge Funds Weigh In On Airspan Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. bought a new stake in Airspan Networks in the fourth quarter valued at approximately $28,000. Charles Schwab Investment Management Inc. bought a new stake in Airspan Networks in the 1st quarter valued at $49,000. State Street Corp lifted its holdings in Airspan Networks by 322.7% during the 2nd quarter. State Street Corp now owns 305,588 shares of the company’s stock valued at $51,000 after purchasing an additional 233,300 shares during the last quarter. Northern Trust Corp boosted its position in Airspan Networks by 13.4% during the first quarter. Northern Trust Corp now owns 53,929 shares of the company’s stock worth $157,000 after purchasing an additional 6,369 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Airspan Networks by 30.0% in the third quarter. Vanguard Group Inc. now owns 1,033,494 shares of the company’s stock valued at $2,088,000 after purchasing an additional 238,515 shares during the last quarter. 58.71% of the stock is owned by institutional investors.

Airspan Networks Company Profile

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.