Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer Sells 75,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRXGet Rating) Director Hoshi Printer sold 75,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $4.96, for a total transaction of $372,000.00. Following the sale, the director now directly owns 131,198 shares of the company’s stock, valued at $650,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lantronix Price Performance

NASDAQ LTRX opened at $5.00 on Tuesday. The company has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $5.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.25 and a quick ratio of 1.13. The firm has a market capitalization of $181.20 million, a price-to-earnings ratio of -33.33 and a beta of 2.26. Lantronix, Inc. has a 52-week low of $3.79 and a 52-week high of $8.66.

Lantronix (NASDAQ:LTRXGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $35.95 million during the quarter. Lantronix had a negative net margin of 3.54% and a negative return on equity of 6.08%. During the same period last year, the company earned ($0.04) earnings per share. Equities research analysts predict that Lantronix, Inc. will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTRX. UBS Group AG raised its position in Lantronix by 95.1% during the first quarter. UBS Group AG now owns 3,901 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,901 shares in the last quarter. First Personal Financial Services bought a new position in Lantronix during the third quarter valued at approximately $31,000. Royal Bank of Canada raised its position in Lantronix by 2,730.4% during the first quarter. Royal Bank of Canada now owns 4,755 shares of the technology company’s stock valued at $32,000 after acquiring an additional 4,587 shares in the last quarter. Virtu Financial LLC bought a new position in Lantronix during the third quarter valued at approximately $50,000. Finally, Platform Technology Partners bought a new position in Lantronix during the third quarter valued at approximately $55,000. Institutional investors own 33.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Lantronix from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Needham & Company LLC reduced their price target on shares of Lantronix from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 11th.

Lantronix Company Profile

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Lantronix, Inc provides solutions for video surveillance, traffic management, infotainment systems, robotics, edge computing, and remote environment management in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.

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