LGL Group (NYSEAMERICAN:LGL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of LGL Group, Inc. (The) (NYSEAMERICAN:LGL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.78 and traded as high as $6.95. LGL Group shares last traded at $6.94, with a volume of 28,659 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

LGL Group Price Performance

The firm has a fifty day moving average price of $7.02 and a two-hundred day moving average price of $6.80. The stock has a market capitalization of $45.06 million, a PE ratio of 689.69 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last posted its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). The business had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. LGL Group had a net margin of 1.66% and a return on equity of 0.16%. On average, research analysts expect that LGL Group, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of LGL Group

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its holdings in shares of LGL Group by 15.5% in the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 2,710 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in LGL Group by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after buying an additional 5,773 shares in the last quarter. Citadel Advisors LLC purchased a new stake in LGL Group in the 3rd quarter valued at about $90,000. Finally, Gamco Investors INC. ET AL grew its stake in LGL Group by 2.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after acquiring an additional 18,305 shares in the last quarter. 30.28% of the stock is owned by hedge funds and other institutional investors.

LGL Group Company Profile

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.