Airgain (NASDAQ:AIRG) Issues Quarterly Earnings Results

Airgain (NASDAQ:AIRG) posted its quarterly earnings results on Thursday. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14), Zacks reports. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%.

Airgain Price Performance

Airgain stock traded down $0.48 during mid-day trading on Thursday, reaching $6.14. 24,534 shares of the company traded hands, compared to its average volume of 27,419. Airgain has a fifty-two week low of $3.72 and a fifty-two week high of $10.34. The company has a market capitalization of $69.69 million, a price-to-earnings ratio of -5.39 and a beta of 0.71. The firm’s fifty day moving average is $7.05 and its two-hundred day moving average is $7.92.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Craig Hallum boosted their price target on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities reiterated an “outperform” rating and set a $11.50 price objective (up previously from $8.00) on shares of Airgain in a research note on Wednesday, November 13th.

Airgain Company Profile

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.