November 18, 2016 - By Louis Casey · 0 Comments
Giga Tronics Inc (NASDAQ:GIGA) institutional sentiment increased to 1.17 in Q2 2016. Its up 0.50, from 0.67 in 2016Q1. The ratio is positive, as 4 investment professionals increased and started new holdings, while 6 reduced and sold positions in Giga Tronics Inc. The investment professionals in our partner’s database now have: 303,214 shares, down from 306,104 shares in 2016Q1. Also, the number of investment professionals holding Giga Tronics Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 3 Increased: 1 New Position: 3.
Giga-tronics Incorporated includes the activities of the Giga-tronics Division and Microsource Inc. (Microsource). The company has a market cap of $7.68 million. The Firm operates through two divisions: Giga-tronics Division and Microsource. It currently has negative earnings. Giga-tronics segment designs, makes and markets the Advanced Signal Generator (ASG) for the electronic warfare market and switching systems that are used in automatic testing systems primarily in aerospace, defense and telecommunications.
About 5,504 shares traded hands. Giga-tronics, Incorporated (NASDAQ:GIGA) has declined 38.10% since April 18, 2016 and is downtrending. It has underperformed by 42.53% the S&P500.
According to Zacks Investment Research, “Giga-tronics designs, manufactures and markets through its Giga-tronics Instrument Division, a broad line of test and measurement equipment used in the development, test and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems and automatic testing systems. These products are used primarily in the design, production, repair and maintenance of commercial telecommunications, radar, and electronic warfare.”
Mirador Capital Partners Lp holds 0.02% of its portfolio in Giga-tronics, Incorporated for 16,281 shares. Bank Of America Corp De owns 5,000 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 848 shares. The California-based California Public Employees Retirement System has invested 0% in the stock. Deutsche Bank Ag, a Germany-based fund reported 34 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 sales for $31,200 net activity.
Giga-tronics Incorporated (Giga-tronics), incorporated on March 5, 1980, includes the activities of the Giga-tronics Division and Microsource Inc. (Microsource). The Firm operates through two divisions: Giga-tronics Division and Microsource. Giga-tronics segment designs, makes and markets the Advanced Signal Generator (ASG) for the electronic warfare market and switching systems that are used in automatic testing systems primarily in aerospace, defense and telecommunications. Microsource primarily develops and makes Yttrium, Iron, Garnet (YIG) radio detection and ranging (RADAR) filters used in fighter jet aircraft for two prime contractors.
More notable recent Giga-tronics, Incorporated (NASDAQ:GIGA) news were published by: Marketwatch.com which released: “Giga-Tronics’ stock rockets 80% premarket after Lockheed Martin software deal” on June 30, 2010, also Globenewswire.com with their article: “Giga-tronics Announces the Sale of Multiple Product Lines to Spanawave” published on January 04, 2016, Seekingalpha.com published: “Giga-tronics’ (GIGA) CEO John Regazzi on Q1 2017 Results – Earnings Call …” on August 09, 2016. More interesting news about Giga-tronics, Incorporated (NASDAQ:GIGA) were released by: Warriortradingnews.com and their article: “Giga-tronics Incorporated (GIGA) Stock | Enters Agreement with Lockheed Martin” published on December 03, 2015 as well as Globenewswire.com‘s news article titled: “Giga-tronics Announces a $1.6M Strategic Investment by AVI Partners, LLC and …” with publication date: March 02, 2015.
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By Louis Casey