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

Airgain, Inc. (NASDAQ:AIRG – Get Rating)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

AIRG has been the subject of a number of research reports. B. Riley lowered their target price on Airgain from $9.00 to $8.00 in a research note on Friday, March 10th. StockNews.com upgraded Airgain from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Craig Hallum lowered their target price on Airgain from $13.00 to $10.00 in a research note on Friday, March 10th.

Airgain Price Performance

The firm’s 50 day moving average price is $7.32 and its 200-day moving average price is $7.28.

Institutional Investors Weigh In On Airgain

A number of institutional investors and hedge funds have recently modified their holdings of AIRG. Advisor Group Holdings Inc. raised its stake in shares of Airgain by 30.7% during the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after buying an additional 1,154 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Airgain by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 188,429 shares of the technology company’s stock worth $1,428,000 after buying an additional 1,972 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Airgain by 16.7% during the first quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock worth $5,605,000 after buying an additional 105,601 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Airgain by 3.6% during the first quarter. Vanguard Group Inc. now owns 483,958 shares of the technology company’s stock worth $3,668,000 after buying an additional 16,859 shares during the last quarter. Finally, Engineers Gate Manager LP raised its stake in shares of Airgain by 18.4% during the first quarter. Engineers Gate Manager LP now owns 14,254 shares of the technology company’s stock worth $108,000 after buying an additional 2,214 shares during the last quarter. 54.70% of the stock is owned by institutional investors.

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.