Lantronix (NASDAQ:LTRX) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Lantronix, Inc. (NASDAQ:LTRX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.73 and traded as high as $4.09. Lantronix shares last traded at $4.04, with a volume of 108,231 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LTRX shares. Needham & Company LLC reissued a “buy” rating and set a $7.00 target price on shares of Lantronix in a report on Friday, September 6th. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 12th. Finally, Canaccord Genuity Group began coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 target price for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lantronix currently has an average rating of “Buy” and a consensus price target of $7.30.

Lantronix Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The company has a market capitalization of $155.07 million, a price-to-earnings ratio of -33.91 and a beta of 2.13. The firm’s fifty day moving average price is $3.89 and its 200-day moving average price is $3.74.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. The firm had revenue of $49.08 million during the quarter, compared to analyst estimates of $49.10 million. Sell-side analysts expect that Lantronix, Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Lantronix

In related news, major shareholder Bernhard Bruscha sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total transaction of $33,740.00. Following the transaction, the insider now directly owns 5,373,036 shares of the company’s stock, valued at $21,492,144. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 109,014 shares of company stock valued at $452,986. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Lantronix

A number of hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC bought a new stake in Lantronix in the second quarter worth about $42,000. Mackenzie Financial Corp purchased a new stake in shares of Lantronix during the 2nd quarter valued at approximately $50,000. SG Americas Securities LLC purchased a new position in Lantronix during the 1st quarter valued at about $55,000. American Century Companies Inc. increased its position in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after buying an additional 5,693 shares during the period. Finally, Heron Bay Capital Management purchased a new stake in shares of Lantronix in the first quarter worth about $226,000. 39.38% of the stock is currently owned by institutional investors.

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.