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
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.
- Get a free copy of the StockNews.com research report on Lantronix (LTRX)
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