StockNews.com began coverage on shares of Airgain (NASDAQ:AIRG – Free Report) in a report published on Friday. The brokerage issued a hold rating on the technology company’s stock.
Airgain Stock Up 3.3 %
AIRG stock opened at $5.32 on Friday. The business’s fifty day moving average is $5.34 and its 200-day moving average is $4.22. The company has a market cap of $57.35 million, a P/E ratio of -4.66 and a beta of 0.81. Airgain has a twelve month low of $1.63 and a twelve month high of $6.37.
Airgain (NASDAQ:AIRG – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). Airgain had a negative net margin of 22.34% and a negative return on equity of 26.07%. The firm had revenue of $10.07 million during the quarter, compared to the consensus estimate of $10.00 million. Research analysts anticipate that Airgain will post -0.56 earnings per share for the current fiscal year.
Insider Activity at Airgain
Hedge Funds Weigh In On Airgain
A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. boosted its position in shares of Airgain, Inc. (NASDAQ:AIRG – Free Report) by 2,350.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,820 shares of the technology company’s stock after purchasing an additional 364,320 shares during the period. Airgain comprises 1.2% of Perkins Capital Management Inc.’s holdings, making the stock its 26th largest position. Perkins Capital Management Inc. owned approximately 3.64% of Airgain worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission. 52.76% of the stock is owned by institutional investors and hedge funds.
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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