Aviat Networks (NASDAQ:AVNW) Shares Cross Above 200-Day Moving Average of $13.52

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Aviat Networks Inc (NASDAQ:AVNW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.52 and traded as high as $13.00. Aviat Networks shares last traded at $13.00, with a volume of 200 shares changing hands.

Separately, ValuEngine upgraded Aviat Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd.

The stock has a market cap of $69.64 million, a price-to-earnings ratio of 21.58 and a beta of 0.84. The stock has a fifty day moving average of $13.05 and a two-hundred day moving average of $13.52.

A hedge fund recently raised its stake in Aviat Networks stock. BlackRock Inc. boosted its position in Aviat Networks Inc (NASDAQ:AVNW) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,254 shares of the communications equipment provider’s stock after acquiring an additional 3,561 shares during the quarter. BlackRock Inc. owned 2.72% of Aviat Networks worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission. 50.93% of the stock is currently owned by institutional investors.

About Aviat Networks (NASDAQ:AVNW)

Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.

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