Lantronix, Inc. (LTRX) Trading Up -4.8%
Shares of Lantronix, Inc. (NASDAQ:LTRX) were up 4.8% on Friday . The company traded as high as $2.57 and last traded at $2.32, with a volume of 120,665 shares. The stock had previously closed at $2.44.
A number of analysts have weighed in on LTRX shares. ValuEngine raised shares of Lantronix from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Lantronix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 17th.
The firm’s market cap is $41.67 million. The firm has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.60.
Lantronix (NASDAQ:LTRX) last released its earnings results on Wednesday, August 23rd. The technology company reported $0.01 earnings per share (EPS) for the quarter. Lantronix had a positive return on equity of 2.57% and a negative net margin of 0.62%. The company had revenue of $11.04 million for the quarter.
In related news, VP Michael Andrew Fink sold 11,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $2.40, for a total transaction of $26,400.00. Following the completion of the sale, the vice president now directly owns 12,094 shares in the company, valued at approximately $29,025.60. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 77,194 shares of company stock valued at $179,082. 52.00% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Lantronix by 41.1% in the fourth quarter. Renaissance Technologies LLC now owns 248,550 shares of the technology company’s stock valued at $423,000 after buying an additional 72,384 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Lantronix during the first quarter valued at $765,000. Stifel Financial Corp acquired a new stake in shares of Lantronix during the first quarter valued at $152,000. Algert Global LLC acquired a new stake in shares of Lantronix during the first quarter valued at $230,000. Finally, Spark Investment Management LLC acquired a new stake in shares of Lantronix during the first quarter valued at $138,000. Institutional investors and hedge funds own 17.40% of the company’s stock.
Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.
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