Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.83 and traded as high as $3.06. Lantronix shares last traded at $2.87, with a volume of 379,183 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on LTRX. Needham & Company LLC cut their target price on shares of Lantronix from $5.50 to $4.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Lake Street Capital dropped their price objective 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. Canaccord Genuity Group dropped their price objective 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. Finally, Wall Street Zen downgraded shares of Lantronix from a "buy" rating to a "hold" rating in a report on Monday, May 12th.
Get Our Latest Report on LTRX
Lantronix Stock Performance
The firm's fifty day moving average price is $2.38 and its 200-day moving average price is $2.83. 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 company has a market cap of $117.25 million, a P/E ratio of -13.70 and a beta of 1.51.
Insider Activity
In related news, CEO Saleel Awsare acquired 15,011 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $2.11 per share, for a total transaction of $31,673.21. Following the acquisition, the chief executive officer owned 268,391 shares in the company, valued at $566,305.01. This trade represents a 5.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 40,011 shares of company stock worth $88,523. Insiders own 1.60% of the company's stock.
Institutional Trading of Lantronix
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in Lantronix by 3.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company's stock valued at $1,171,000 after acquiring an additional 8,992 shares during the period. Algert Global LLC increased its stake in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock valued at $114,000 after acquiring an additional 9,180 shares during the period. American Century Companies Inc. increased its stake in Lantronix by 23.6% in the first quarter. American Century Companies Inc. now owns 54,318 shares of the technology company's stock valued at $135,000 after acquiring an additional 10,381 shares during the period. Amundi bought a new stake in Lantronix in the fourth quarter valued at about $42,000. Finally, Jane Street Group LLC increased its stake in Lantronix by 19.7% in the first 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 during the period. Institutional investors own 39.38% of the company's stock.
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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