StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research note released on Friday. The firm issued a hold rating on the stock.
The LGL Group Stock Performance
Shares of NYSE LGL opened at $6.00 on Friday. The LGL Group has a 52 week low of $4.20 and a 52 week high of $6.76. The business has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $5.63.
Institutional Trading of The LGL Group
A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its position in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,786 shares of the company’s stock after buying an additional 121,403 shares during the quarter. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.28% of the company’s stock.
About The LGL Group
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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