Lantronix (NASDAQ:LTRX) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s stock price 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.

Analysts Set New Price Targets

LTRX has been the subject of a number of research reports. Needham & Company LLC decreased their price objective on Lantronix from $5.50 to $4.50 and set a "buy" rating for the company in a report on Monday, May 12th. Wall Street Zen downgraded Lantronix from a "buy" rating to a "hold" rating in a report on Monday, May 12th. Canaccord Genuity Group decreased their price objective on Lantronix from $4.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Lake Street Capital decreased their price objective on Lantronix from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Lantronix Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $2.82. The stock has a market capitalization of $118.42 million, a P/E ratio of -13.91 and a beta of 1.51.

Insiders Place Their Bets

In related news, CEO Saleel Awsare purchased 15,011 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $2.11 per share, for a total transaction of $31,673.21. Following the completion of the purchase, the chief executive officer directly owned 268,391 shares in the company, valued at $566,305.01. This trade represents a 5.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 40,011 shares of company stock valued at $88,523 in the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew 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 purchasing an additional 11,728 shares in the last quarter. American Century Companies Inc. grew 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 purchasing an additional 10,381 shares in the last quarter. Heartland Advisors Inc. bought a new position in Lantronix in the first quarter valued at approximately $3,486,000. AMH Equity Ltd acquired a new stake in shares of Lantronix in the first quarter valued at approximately $500,000. Finally, Jefferies Financial Group Inc. lifted its position in shares of Lantronix by 153.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 82,500 shares of the technology company's stock valued at $340,000 after buying an additional 50,000 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors.

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.