The LGL Group (NYSEAMERICAN:LGL) Share Price Passes Above Two Hundred Day Moving Average of $0.00

The LGL Group, Inc. (NYSEAMERICAN:LGL – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $4.36. The LGL Group shares last traded at $4.36, with a volume of 9,586 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of The LGL Group from a “b” rating to a “c” rating in a research report on Friday, November 25th.

The LGL Group Trading Up 3.3 %

The stock has a market capitalization of $23.34 million, a P/E ratio of -1.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60.

The LGL Group (NYSEAMERICAN:LGL – Get Rating) last posted its earnings results on Monday, November 14th. The industrial products company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The LGL Group had a negative net margin of 64.20% and a negative return on equity of 30.65%. The business had revenue of $8.76 million for the quarter, compared to analysts’ expectations of $7.70 million. Research analysts anticipate that The LGL Group, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Trading of The LGL Group

Institutional investors have recently added to or reduced their stakes in the stock. Horizon Kinetics Asset Management LLC acquired a new stake in The LGL Group in the third quarter valued at $121,000. Ellsworth Advisors LLC acquired a new stake in The LGL Group in the third quarter valued at $332,000. Bard Associates Inc. acquired a new stake in The LGL Group in the second quarter valued at $1,056,000. Vanguard Group Inc. increased its stake in The LGL Group by 21.4% during the third quarter. Vanguard Group Inc. now owns 93,887 shares of the industrial products company’s stock valued at $1,063,000 after purchasing an additional 16,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in The LGL Group by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 98,970 shares of the industrial products company’s stock valued at $1,120,000 after purchasing an additional 2,618 shares during the last quarter. 21.55% of the stock is owned by institutional investors and hedge funds.

The LGL Group Company Profile

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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 operates through two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers clock oscillators, VCXO, TCXO OCXO, and DOCXO devices; and radio frequency, microwave and millimeter wave filters, diplexers, and solid-state power amplifiers.