Lantronix (NASDAQ:LTRX) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Lantronix's share price rose above its 200-day moving average during trading, with the stock currently priced at $5.00 after reaching a high of $5.15.
• Several analysts have recently issued reports, with Needham & Company raising their price target from $4.50 to $5.50, while Weiss Ratings maintains a "sell" rating on the stock.
• Institutional investors own 39.38% of Lantronix's stock, with various hedge funds making recent investments in the company, including Heartland Advisors and Marshall Wace LLP.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.05 and traded as high as $5.15. Lantronix shares last traded at $5.00, with a volume of 222,727 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LTRX shares. Needham & Company LLC increased their target price on shares of Lantronix from $4.50 to $5.50 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Lake Street Capital increased their target price on shares of Lantronix from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lantronix in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lantronix presently has an average rating of "Moderate Buy" and an average price target of $4.50.

Lantronix Stock Up 0.2%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54. The stock has a market cap of $196.36 million, a price-to-earnings ratio of -16.67 and a beta of 1.39. The firm's 50-day simple moving average is $4.13 and its two-hundred day simple moving average is $3.05.

Insider Activity

In other news, major shareholder Bernhard Bruscha sold 12,993 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTRX. Heartland Advisors Inc. bought a new position in shares of Lantronix in the 1st quarter valued at about $3,486,000. AMH Equity Ltd bought a new position in shares of Lantronix in the 1st quarter valued at about $500,000. Manatuck Hill Partners LLC bought a new position in shares of Lantronix in the 2nd quarter valued at about $302,000. Panagora Asset Management Inc. bought a new position in shares of Lantronix in the 2nd quarter valued at about $268,000. Finally, Marshall Wace LLP boosted its stake in shares of Lantronix by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company's stock valued at $1,280,000 after purchasing an additional 42,838 shares during the last quarter. Institutional investors own 39.38% of the company's stock.

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.

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