Lantronix (NASDAQ:LTRX) Shares Pass Above 200-Day Moving Average - Should You Sell?

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

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

Lantronix Stock Performance

The business has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $2.81. 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 company has a market capitalization of $117.84 million, a PE ratio of -13.77 and a beta of 1.51.

Insiders Place Their Bets

In other news, CEO Saleel Awsare acquired 15,011 shares of the business's stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 268,391 shares of the company's stock, valued at $566,305.01. This represents a 5.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 40,011 shares of company stock worth $88,523 over the last quarter. Insiders own 1.60% of the company's stock.

Institutional Trading of Lantronix

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company's stock worth $178,000 after acquiring an additional 11,728 shares during the period. American Century Companies Inc. lifted its position in Lantronix by 23.6% during the 1st quarter. American Century Companies Inc. now owns 54,318 shares of the technology company's stock worth $135,000 after acquiring an additional 10,381 shares during the period. Heartland Advisors Inc. acquired a new stake in Lantronix during the 1st quarter worth approximately $3,486,000. AMH Equity Ltd acquired a new stake in Lantronix during the 1st quarter worth approximately $500,000. Finally, Jefferies Financial Group Inc. lifted its position in Lantronix by 153.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 82,500 shares of the technology company's stock worth $340,000 after acquiring an additional 50,000 shares during the period. 39.38% of the stock is owned by institutional investors and hedge funds.

Lantronix Company Profile

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.