StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG – Free Report) in a report issued on Monday. The brokerage issued a hold rating on the technology company’s stock.
Airgain Trading Down 2.3 %
NASDAQ AIRG opened at $5.49 on Monday. The company has a market cap of $57.70 million, a P/E ratio of -4.61 and a beta of 0.85. The company has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $3.92. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37.
Airgain (NASDAQ:AIRG – Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). The firm had revenue of $10.07 million for the quarter, compared to analysts’ expectations of $10.00 million. Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. Sell-side analysts predict that Airgain will post -0.44 EPS for the current year.
Insider Transactions at Airgain
Institutional Investors Weigh In On Airgain
A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. grew its stake in shares of Airgain, Inc. (NASDAQ:AIRG – Free Report) by 2,350.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,820 shares of the technology company’s stock after buying an additional 364,320 shares during the period. Airgain accounts for approximately 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Perkins Capital Management Inc. owned approximately 3.64% of Airgain worth $1,352,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 52.76% of the company’s stock.
About Airgain
Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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