Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.73 and traded as high as $4.09. Lantronix shares last traded at $4.04, with a volume of 108,231 shares changing hands.
Analyst Upgrades and Downgrades
LTRX has been the topic of a number of research reports. Canaccord Genuity Group started coverage on Lantronix in a report on Wednesday, September 11th. They issued a "buy" rating and a $7.50 price objective on the stock. StockNews.com upgraded shares of Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 12th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $7.00 price target on shares of Lantronix in a research report on Friday, September 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $7.30.
Read Our Latest Stock Report on LTRX
Lantronix Stock Up 0.7 %
The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $3.88 and a two-hundred day moving average price of $3.73.
Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to analysts' expectations of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. On average, research analysts expect that Lantronix, Inc. will post -0.01 earnings per share for the current year.
Insider Transactions at Lantronix
In related news, major shareholder Bernhard Bruscha sold 8,435 shares of Lantronix stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the transaction, the insider now directly owns 5,373,036 shares of the company's stock, valued at $21,492,144. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 109,014 shares of company stock valued at $452,986. Company insiders own 1.60% of the company's stock.
Institutional Trading of Lantronix
Several large investors have recently bought and sold shares of LTRX. First Eagle Investment Management LLC raised its stake in Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company's stock worth $3,036,000 after acquiring an additional 336,781 shares in the last quarter. AWM Investment Company Inc. increased its position in Lantronix by 29.8% during the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company's stock worth $3,522,000 after purchasing an additional 227,374 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company's stock valued at $3,629,000 after purchasing an additional 159,671 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lantronix by 30.4% in the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company's stock valued at $2,323,000 after buying an additional 152,400 shares in the last quarter. Finally, Herald Investment Management Ltd grew its stake in shares of Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company's stock worth $3,550,000 after buying an additional 150,000 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.
About Lantronix
(
Get Free Report)
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.
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