The LGL Group (NYSE:LGL) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

The LGL Group stock traded down $0.16 during trading hours on Friday, hitting $5.34. 1,452 shares of the stock traded hands, compared to its average volume of 3,446. The LGL Group has a one year low of $4.20 and a one year high of $6.76. The firm’s 50-day moving average price is $6.00 and its two-hundred day moving average price is $5.66.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its position in The LGL Group, Inc. (NYSE:LGL) by 41.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.28% of the company’s stock.

The LGL Group Company Profile

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.