May indicate another problem.
Does the radio have a "static suppressor" resistor R55 by the antenna connector?
Between the SWR bridge and Heat sink Panel
If it's been removed, put a 1/.2 watt 2.2K on up to 4.7K resistor or see if the resistor in there, is still good.
Check it's location - it has an open lead and if not cared for...can potentially short out to the case ground thru the heat sink panel it sits right next to.
But is it good?
Best & easiest way to check is to put a DVM test leads onto the center and threaded section of the SO-239 - measure ohmic readings between 200 to 20K for this test. It - should be more than 1K - BOTH WAYS (leads reversed to prove resistance. Not a polarized current draining out the back of the radio). But not infinite.
Then do the same with a VOLTAGE check - if you get a voltage, you have a leaky cap problem or poor soldering causing the "dip" in receive. The rise in voltage can indicate several issues but main one being poor soldering or loose SO-239 and case screw bonding points - tighten down the hardware if you can.
Many times ,the coax tip is "unbalanced" when the SHIELD is not making contact - so it is more of an inherited antenna noise pickup than a good receiver - because the COAX SHIELD isolates the signal to within the coax itself so one the "return" from the antenna is established ,the currents in the coax are properly terminated into the back of the radio using the PI-filter and 52MHz trap in there.