Lantronix (NASDAQ:LTRX) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.79 and traded as high as $3.21. Lantronix shares last traded at $3.13, with a volume of 206,813 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of Lantronix from $4.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Needham & Company LLC decreased their price target on shares of Lantronix from $5.50 to $4.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen lowered shares of Lantronix from a "buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, Lake Street Capital decreased their price target on shares of Lantronix from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Friday, May 9th.

Lantronix Trading Up 1.9%

The firm has a market capitalization of $126.39 million, a price-to-earnings ratio of -14.77 and a beta of 1.51. 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's 50-day moving average is $2.57 and its 200 day moving average is $2.77.

Insider Activity

In other news, CEO Saleel Awsare purchased 15,011 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $2.11 per share, for a total transaction of $31,673.21. Following the transaction, the chief executive officer owned 268,391 shares of the company's stock, valued at approximately $566,305.01. This trade represents a 5.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have purchased 40,011 shares of company stock valued at $88,523. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Lantronix by 3.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company's stock worth $1,171,000 after purchasing an additional 8,992 shares during the period. Algert Global LLC lifted its position in shares of Lantronix by 49.5% in the 4th quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock worth $114,000 after purchasing an additional 9,180 shares during the period. American Century Companies Inc. lifted its position in shares of Lantronix by 23.6% in the 1st quarter. American Century Companies Inc. now owns 54,318 shares of the technology company's stock worth $135,000 after purchasing an additional 10,381 shares during the period. Amundi acquired a new position in shares of Lantronix in the 4th quarter worth approximately $42,000. Finally, Jane Street Group LLC increased its stake in shares of Lantronix by 19.7% in the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company's stock valued at $178,000 after acquiring an additional 11,728 shares in the last quarter. Institutional investors and hedge funds 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.