Airspan Networks (NYSE:MIMO) Trading Up 17%

Airspan Networks Holdings Inc. (NYSE:MIMO) shares were up 17% during mid-day trading on Monday . The stock traded as high as $0.13 and last traded at $0.13. Approximately 2,755,220 shares traded hands during trading, a decline of 78% from the average daily volume of 12,343,423 shares. The stock had previously closed at $0.11.

Airspan Networks Stock Up 17.0 %

The company has a 50 day moving average of $0.14 and a 200-day moving average of $0.13. The stock has a market capitalization of $9.87 million, a P/E ratio of -0.17 and a beta of 0.18.

Hedge Funds Weigh In On Airspan Networks

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Airspan Networks by 30.0% during the third quarter. Vanguard Group Inc. now owns 1,033,494 shares of the company’s stock worth $2,088,000 after purchasing an additional 238,515 shares during the last quarter. State Street Corp lifted its stake in Airspan Networks by 322.7% during the second quarter. State Street Corp now owns 305,588 shares of the company’s stock worth $51,000 after purchasing an additional 233,300 shares during the last quarter. Northern Trust Corp lifted its stake in Airspan Networks by 13.4% during the first quarter. Northern Trust Corp now owns 53,929 shares of the company’s stock worth $157,000 after purchasing an additional 6,369 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Airspan Networks in the fourth quarter worth $28,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Airspan Networks in the first quarter worth $49,000. 58.71% of the stock is currently owned by institutional investors.

About Airspan Networks

Airspan Networks Holdings Inc designs and produces wireless network equipment for 4G and 5G networks for mainstream public telecommunications service providers and private network implementations. It offers a range of 4G and 5G network build and network densification products with a portfolio of software and hardware tools for indoor and outdoor, compact femto, pico, micro, and macro base stations, as well as fixed wireless access and backhaul solutions portfolio for point-to-point and point-to-multipoint applications.