Shares of Lantronix Inc. (NASDAQ:LTRX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $2.50 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Lantronix an industry rank of 34 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Lantronix from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.

A number of institutional investors have recently modified their holdings of LTRX. Roanoke Asset Management Corp NY raised its stake in Lantronix by 10.4% in the second quarter. Roanoke Asset Management Corp NY now owns 127,000 shares of the company’s stock valued at $123,000 after buying an additional 12,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Lantronix by 2.5% in the first quarter. Renaissance Technologies LLC now owns 159,466 shares of the company’s stock valued at $151,000 after buying an additional 3,900 shares during the last quarter. Finally, Herald Investment Management Ltd raised its stake in Lantronix by 6.3% in the second quarter. Herald Investment Management Ltd now owns 602,307 shares of the company’s stock valued at $584,000 after buying an additional 35,641 shares during the last quarter. 12.45% of the stock is owned by hedge funds and other institutional investors.

Lantronix (NASDAQ:LTRX) traded down 1.39% during midday trading on Wednesday, hitting $1.42. 85,794 shares of the stock traded hands. The company’s 50-day moving average is $1.40 and its 200-day moving average is $1.18. The company’s market cap is $24.50 million. Lantronix has a one year low of $0.80 and a one year high of $2.14.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.06. Lantronix had a negative net margin of 4.83% and a negative return on equity of 7.09%. The firm earned $10.50 million during the quarter, compared to analyst estimates of $9.30 million. Equities research analysts expect that Lantronix will post ($0.08) EPS for the current fiscal year.

Lantronix Company Profile

Lantronix, Inc designs, develops, markets and sells networking and communications products with a focus on the convergence of mobility with machine-to-machine systems. It provides solutions that enable machines, devices and sensors to be securely accessed, managed and controlled. The Company’s solutions are designed for its customers to participate in the Internet of Things market.

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