Lantronix (NASDAQ:LTRX) Stock Price Passes Above Two Hundred Day Moving Average of $4.55

Lantronix, Inc. (NASDAQ:LTRX – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.55 and traded as high as $4.60. Lantronix shares last traded at $4.48, with a volume of 94,455 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com assumed coverage on Lantronix in a report on Thursday, May 18th. They issued a “hold” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Lantronix in a report on Friday, February 10th. Canaccord Genuity Group cut their price target on Lantronix from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, February 10th. Finally, Lake Street Capital cut their price target on Lantronix from $10.00 to $8.00 in a report on Thursday, May 11th.

Lantronix Stock Performance

The stock has a 50 day moving average price of $4.20 and a two-hundred day moving average price of $4.55. The company has a current ratio of 2.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The company has a market cap of $164.06 million, a price-to-earnings ratio of -34.46 and a beta of 2.23.

Institutional Trading of Lantronix

Several hedge funds and other institutional investors have recently modified their holdings of LTRX. UBS Group AG grew its holdings in shares of Lantronix by 95.1% in the 1st 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. Royal Bank of Canada grew its holdings in shares of Lantronix by 2,730.4% in the 1st 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. First Personal Financial Services grew its holdings in shares of Lantronix by 118.0% in the 1st quarter. First Personal Financial Services now owns 7,920 shares of the technology company’s stock valued at $34,000 after acquiring an additional 4,287 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Lantronix in the 1st quarter valued at about $37,000. Finally, Virtu Financial LLC bought a new position in shares of Lantronix in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 36.60% of the company’s stock.

About Lantronix

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Lantronix, Inc engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). Its products and solutions include IoT, REM and Other. The company was founded by Bernhard Bruscha in June 1989 and is headquartered in Irvine, CA.