Lantronix (NASDAQ:LTRX) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Lantronix's share price has surpassed its 200-day moving average, reaching highs of $3.00 before stabilizing at $2.89.
• Several analysts have downgraded their price targets for Lantronix, with Needham reducing it from $5.50 to $4.50 while maintaining a "buy" rating.
• Institutional investors currently hold 39.38% of Lantronix's stock, with notable increases in stakes from several firms, including a 16.4% lift from Dimensional Fund Advisors LP.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.67 and traded as high as $3.00. Lantronix shares last traded at $2.89, with a volume of 187,667 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LTRX shares. Lake Street Capital cut their target price on Lantronix from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen lowered Lantronix from a "buy" rating to a "hold" rating in a research report on Monday, May 12th. Needham & Company LLC dropped their target price on Lantronix from $5.50 to $4.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Canaccord Genuity Group lowered their price objective on Lantronix from $4.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $3.83.

Lantronix Trading Up 6.5%

The company has a 50 day moving average of $2.98 and a 200 day moving average of $2.66. The company has a current ratio of 2.68, a quick ratio of 1.69 and a debt-to-equity ratio of 0.13. The firm has a market cap of $133.78 million, a price-to-earnings ratio of -15.64 and a beta of 1.52.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently bought and sold shares of LTRX. Heartland Advisors Inc. bought a new stake in shares of Lantronix during the first quarter worth $3,486,000. AMH Equity Ltd bought a new stake in Lantronix in the first quarter valued at about $500,000. Dimensional Fund Advisors LP grew its stake in Lantronix by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company's stock valued at $5,455,000 after acquiring an additional 186,479 shares during the period. Manatuck Hill Partners LLC acquired a new position in shares of Lantronix during the second quarter worth about $302,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Lantronix during the second quarter worth about $268,000. Institutional investors own 39.38% of the company's stock.

Lantronix Company Profile

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.