Lantronix (NASDAQ:LTRX) Stock Passes Above 200-Day Moving Average - Here's What Happened

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Lantronix Price Performance

The firm has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $2.81. The company has a market capitalization of $117.45 million, a PE ratio of -13.73 and a beta of 1.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.69 and a current ratio of 2.68.

Insiders Place Their Bets

In other Lantronix news, CEO Saleel Awsare bought 15,011 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $2.11 per share, for a total transaction of $31,673.21. Following the purchase, the chief executive officer directly owned 268,391 shares in the company, valued at $566,305.01. This represents a 5.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 40,011 shares of company stock worth $88,523. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTRX. Heartland Advisors Inc. purchased a new position in Lantronix during the 1st quarter worth $3,486,000. Truffle Hound Capital LLC purchased a new stake in Lantronix during the 4th quarter valued at about $4,120,000. AMH Equity Ltd purchased a new stake in Lantronix during the 1st quarter valued at about $500,000. Dimensional Fund Advisors LP grew its stake in Lantronix by 16.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company's stock valued at $5,455,000 after purchasing an additional 186,479 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Lantronix during the 4th quarter valued at about $444,000. 39.38% of the stock is currently owned by hedge funds and other 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.