StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG – Free Report) in a report released on Monday. The brokerage issued a hold rating on the technology company’s stock.
Airgain Stock Up 2.1 %
Shares of AIRG stock opened at $5.40 on Monday. The company’s fifty day simple moving average is $4.90 and its 200-day simple moving average is $3.89. The firm has a market cap of $56.75 million, a PE ratio of -4.54 and a beta of 0.85. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37.
Airgain (NASDAQ:AIRG – Get Free Report) last announced 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). The business 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%. On average, equities analysts predict that Airgain will post -0.44 earnings per share for the current fiscal year.
Insider Buying and Selling
Institutional Investors Weigh In On Airgain
A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. grew its holdings in Airgain, Inc. (NASDAQ:AIRG – Free Report) by 2,350.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 379,820 shares of the technology company’s stock after acquiring an additional 364,320 shares during the quarter. Airgain accounts for approximately 1.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 at the end of the most recent quarter. 52.76% of the stock is currently owned by hedge funds and other institutional investors.
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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