Airgain (NASDAQ:AIRG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Airgain (NASDAQ:AIRGFree Report) in a research note published on Wednesday morning. The firm issued a hold rating on the technology company’s stock.

Airgain Price Performance

NASDAQ AIRG opened at $5.38 on Wednesday. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37. The firm has a market capitalization of $56.52 million, a PE ratio of -4.52 and a beta of 0.81. The company’s 50 day simple moving average is $4.07 and its 200 day simple moving average is $3.67.

Institutional Trading of Airgain

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIRG. Bank of America Corp DE lifted its stake in Airgain by 28,550.0% during the first quarter. Bank of America Corp DE now owns 6,303 shares of the technology company’s stock valued at $34,000 after purchasing an additional 6,281 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Airgain by 30.7% in the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,154 shares in the last quarter. UBS Group AG increased its position in shares of Airgain by 256.8% in the second quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock worth $49,000 after acquiring an additional 4,366 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Airgain in the fourth quarter worth approximately $73,000. Finally, Virtu Financial LLC purchased a new stake in shares of Airgain in the second quarter worth approximately $85,000. 53.15% of the stock is owned by institutional investors and hedge funds.

About Airgain

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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; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.

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