Aviat Networks (NASDAQ:AVNW) Rating Increased to Strong-Buy at StockNews.com

Aviat Networks (NASDAQ:AVNW) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Lake Street Capital reissued a “buy” rating and issued a $51.00 target price on shares of Aviat Networks in a report on Friday, July 5th.

Aviat Networks Stock Performance

NASDAQ:AVNW opened at $20.99 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The stock has a 50-day simple moving average of $27.69 and a two-hundred day simple moving average of $30.93. The firm has a market capitalization of $263.74 million, a PE ratio of 18.58 and a beta of 1.81. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85.

Institutional Trading of Aviat Networks

Several institutional investors have recently made changes to their positions in the business. Panagora Asset Management Inc. purchased a new position in shares of Aviat Networks in the fourth quarter worth $590,000. Dynamic Technology Lab Private Ltd purchased a new stake in Aviat Networks in the 4th quarter worth $400,000. Trexquant Investment LP bought a new position in shares of Aviat Networks during the 4th quarter valued at about $569,000. Millrace Asset Group Inc. bought a new position in shares of Aviat Networks during the 4th quarter valued at about $1,617,000. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Aviat Networks by 39.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 23,664 shares of the communications equipment provider’s stock valued at $773,000 after purchasing an additional 6,648 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.