Lantronix (NASDAQ:LTRX) Shares Cross Above 200 Day Moving Average – What’s Next?

Lantronix, Inc. (NASDAQ:LTRX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.85 and traded as high as $6.38. Lantronix shares last traded at $6.31, with a volume of 881,362 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Needham & Company LLC raised their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Thursday, February 5th. Craig Hallum reissued a “buy” rating and issued a $10.00 price target on shares of Lantronix in a report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.83.

Lantronix Stock Performance

The stock has a market cap of $254.05 million, a P/E ratio of -37.53 and a beta of 1.63. The company has a fifty day moving average of $6.03 and a 200 day moving average of $5.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The firm had revenue of $30.18 million during the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities analysts predict that Lantronix, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the sale, the insider directly owned 55,569 shares in the company, valued at $345,083.49. The trade was a 20.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by insiders.

Institutional Trading of Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bailard Inc. acquired a new stake in shares of Lantronix during the third quarter worth $49,000. Invesco Ltd. acquired a new stake in shares of Lantronix during the fourth quarter worth $68,000. R Squared Ltd raised its position in shares of Lantronix by 24.3% during the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after purchasing an additional 2,754 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix during the fourth quarter worth $86,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Lantronix during the fourth quarter worth $95,000. 39.38% of the stock is currently owned by institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.