Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.81 and traded as high as $3.12. Lantronix shares last traded at $3.03, with a volume of 320,861 shares traded.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Lake Street Capital reduced their price objective on Lantronix from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Lantronix from a "buy" rating to a "hold" rating in a research note on Monday, May 12th. Needham & Company LLC cut their target price on Lantronix from $5.50 to $4.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Canaccord Genuity Group cut their target price on Lantronix from $4.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 12th.
Check Out Our Latest Analysis on LTRX
Lantronix Stock Performance
The business has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.81. The firm has a market capitalization of $117.84 million, a price-to-earnings ratio of -13.77 and a beta of 1.51. The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.13.
Insiders Place Their Bets
In related news, CEO Saleel Awsare purchased 15,011 shares of Lantronix stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $2.11 per share, with a total value of $31,673.21. Following the completion of the transaction, the chief executive officer directly owned 268,391 shares in the company, valued at approximately $566,305.01. The trade was a 5.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 40,011 shares of company stock worth $88,523 in the last three months. 1.60% of the stock is owned by insiders.
Institutional Investors Weigh In On Lantronix
Institutional investors and hedge funds have recently made changes to their positions in the business. Heartland Advisors Inc. acquired a new position in shares of Lantronix during the first quarter worth about $3,486,000. Truffle Hound Capital LLC acquired a new position in shares of Lantronix during the fourth quarter worth about $4,120,000. AMH Equity Ltd acquired a new position in shares of Lantronix during the first quarter worth about $500,000. Dimensional Fund Advisors LP increased its stake in shares of Lantronix by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company's stock worth $5,455,000 after acquiring an additional 186,479 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Lantronix during the fourth quarter worth about $444,000. 39.38% of the stock is owned by hedge funds and other institutional investors.
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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