StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG – Free Report) in a report released on Wednesday morning. The firm issued a hold rating on the technology company’s stock.
Airgain Trading Down 2.6 %
AIRG stock opened at $5.32 on Wednesday. The stock has a market cap of $57.27 million, a PE ratio of -4.47 and a beta of 0.81. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37. The company has a 50-day moving average price of $5.24 and a 200 day moving average price of $4.04.
Airgain (NASDAQ:AIRG – Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.15). The firm had revenue of $10.07 million during the quarter, compared to the consensus estimate 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 forecast that Airgain will post -0.44 EPS for the current year.
Insiders Place Their Bets
Hedge Funds Weigh In On Airgain
An institutional investor recently raised its position in Airgain stock. First Eagle Investment Management LLC increased its stake in shares of Airgain, Inc. (NASDAQ:AIRG – Free Report) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,680 shares of the technology company’s stock after purchasing an additional 33,103 shares during the quarter. First Eagle Investment Management LLC owned approximately 4.22% of Airgain worth $1,614,000 as of its most recent SEC filing. 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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