Lantronix (NASDAQ:LTRX) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.67 and traded as high as $4.29. Lantronix shares last traded at $4.07, with a volume of 397,029 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC lowered their price objective on Lantronix from $7.00 to $5.50 and set a "buy" rating for the company in a research note on Monday, November 11th. Canaccord Genuity Group dropped their price target on shares of Lantronix from $7.50 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com lowered shares of Lantronix from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $6.50.

Lantronix Stock Performance

The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $162.75 million, a P/E ratio of -30.21 and a beta of 1.94. The business has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.67.

Insider Transactions at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 20,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the transaction, the insider now owns 5,198,971 shares of the company's stock, valued at approximately $21,211,801.68. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hoshi Printer purchased 15,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $2.90 per share, with a total value of $43,500.00. Following the completion of the purchase, the director now owns 176,075 shares in the company, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company's stock.

Institutional Trading of Lantronix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Lantronix by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company's stock worth $3,629,000 after acquiring an additional 159,671 shares during the last quarter. Herald Investment Management Ltd grew its holdings in Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company's stock valued at $3,550,000 after purchasing an additional 150,000 shares during the period. First Eagle Investment Management LLC increased its position in Lantronix by 65.0% in the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company's stock worth $3,036,000 after buying an additional 336,781 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Lantronix by 30.4% in the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company's stock worth $2,323,000 after buying an additional 152,400 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Lantronix by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock valued at $1,394,000 after buying an additional 10,413 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.