Aviat Networks, Inc. (NASDAQ:AVNW):
Aviat Awarded IP/MPLS Microwave Business for a Government Network in Latin America.
The company is now down since yesterday’s close of $9.27.
Company shares last traded at $8.82 a bit lower than the 50 day moving average of $8.91 and which is marginally higher than the 200 day moving average of $8.02. The 50 day moving average was down $-0.09 and the 200 day average went up $0.80 or +9.91%.
Traders are feeling more bearish lately as shown by the change in short interest. The company had a rise in short interest from August 31, 2016 to September 15, 2016 of 0.16%. Short shares increased 4,454 over that period. Days to cover increased 0.4 to 2.2 and the short interest percentage is 0.01% as of September 15.
A few brokerage analysts have released ratings on Aviat Networks, Inc. of late. On July 9, 2015 H.C. Wainwright initiated coverage giving it an initial rating of “Neutral”. HC Wainwright began coverage with an initial rating of “Neutral”.
On September 3 the company was upgraded from “Hold” to “Buy” with a current price target of $2.20 in a report from Needham.