Airgain, Inc. (NASDAQ:AIRG) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.99 and last traded at $9.02, with a volume of 937,855 shares. The stock had previously closed at $10.77.

Several research firms have issued reports on AIRG. B. Riley restated a “buy” rating and issued a $17.00 price target on shares of Airgain in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Airgain from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, Cowen and Company restated a “buy” rating and issued a $19.00 price target on shares of Airgain in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.34.

The company has a 50-day moving average price of $11.27 and a 200-day moving average price of $13.36. The stock has a market capitalization of $84.85 million and a PE ratio of 34.86.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock valued at $187,000 after purchasing an additional 10,851 shares in the last quarter. Citadel Advisors LLC bought a new stake in Airgain in the first quarter valued at approximately $229,000. Bank of New York Mellon Corp increased its stake in Airgain by 90.5% in the first quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock valued at $2,222,000 after purchasing an additional 69,624 shares in the last quarter. Underhill Investment Management LLC increased its stake in Airgain by 64.0% in the second quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock valued at $2,935,000 after purchasing an additional 80,750 shares in the last quarter. Finally, Worth Venture Partners LLC bought a new stake in Airgain in the first quarter valued at approximately $605,000. 35.63% of the stock is owned by institutional investors and hedge funds.

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About Airgain

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

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