Airgain (NASDAQ:AIRG) Shares Cross Below 50-Day Moving Average of $7.32

Airgain, Inc. (NASDAQ:AIRG – Get Rating) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.32 and traded as low as $5.12. Airgain shares last traded at $5.22, with a volume of 87,136 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AIRG shares. StockNews.com raised Airgain from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley decreased their price objective on Airgain from $9.00 to $8.00 in a research report on Friday, March 10th. Finally, Craig Hallum decreased their price objective on Airgain from $13.00 to $10.00 in a research report on Friday, March 10th.

Airgain Trading Down 5.9 %

The stock has a market capitalization of $53.24 million, a price-to-earnings ratio of -6.14 and a beta of 1.04. The stock has a 50-day simple moving average of $7.32 and a 200 day simple moving average of $7.29.

Institutional Investors Weigh In On Airgain

Institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. raised its stake in shares of Airgain by 30.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,154 shares in the last quarter. UBS Group AG raised its stake in shares of Airgain by 256.8% during the 2nd quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock worth $49,000 after purchasing an additional 4,366 shares in the last quarter. Schnieders Capital Management LLC purchased a new stake in shares of Airgain during the 3rd quarter worth about $74,000. Virtu Financial LLC purchased a new stake in shares of Airgain during the 2nd quarter worth about $85,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Airgain during the 4th quarter worth about $73,000. 54.70% of the stock is currently owned by institutional investors and hedge funds.

About Airgain

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Airgain, Inc provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services.