Airgain (NASDAQ:AIRG) posted its quarterly earnings results on Thursday. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11, Briefing.com reports. Airgain had a return on equity of 5.94% and a net margin of 4.38%. The company had revenue of $13.10 million during the quarter, compared to analysts’ expectations of $12.83 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Airgain’s revenue was down 17.1% on a year-over-year basis. Airgain updated its Q4 guidance to $0.04-$0.05 EPS.
Shares of Airgain stock traded up $0.18 during trading on Friday, reaching $11.40. 66,500 shares of the company’s stock were exchanged, compared to its average volume of 92,887. Airgain has a 1-year low of $8.81 and a 1-year high of $17.25. The firm’s 50-day moving average price is $11.18 and its 200 day moving average price is $12.85. The company has a market cap of $111.68 million, a P/E ratio of -42.22 and a beta of 1.98.
AIRG has been the subject of a number of research analyst reports. ValuEngine raised Airgain from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Zacks Investment Research cut Airgain from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Cowen lowered their price target on Airgain from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Airgain currently has a consensus rating of “Buy” and an average target price of $16.75.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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