StockNews.com Lowers Lantronix (NASDAQ:LTRX) to Buy

Lantronix (NASDAQ:LTRXGet Free Report) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

A number of other analysts have also recently weighed in on LTRX. TheStreet raised shares of Lantronix from a “d+” rating to a “c-” rating in a report on Friday, December 8th. Needham & Company LLC restated a “buy” rating and set a $8.50 target price on shares of Lantronix in a research report on Friday, January 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and an average price target of $9.80.

Get Our Latest Research Report on LTRX

Lantronix Stock Down 4.7 %

Shares of LTRX opened at $5.93 on Monday. The stock has a market capitalization of $220.95 million, a PE ratio of -23.72 and a beta of 2.25. Lantronix has a 1 year low of $3.52 and a 1 year high of $6.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 2.03. The company’s 50-day simple moving average is $6.08 and its 200-day simple moving average is $5.04.

Lantronix (NASDAQ:LTRXGet Free Report) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Lantronix had a negative net margin of 6.96% and a negative return on equity of 11.81%. The firm had revenue of $33.03 million for the quarter, compared to analysts’ expectations of $31.50 million. Analysts forecast that Lantronix will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Lantronix

A number of institutional investors have recently modified their holdings of LTRX. UBS Group AG raised its position in shares of Lantronix by 95.1% during 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. Qube Research & Technologies Ltd bought a new position in shares of Lantronix in the third quarter worth $28,000. Royal Bank of Canada grew its stake in shares of Lantronix by 2,730.4% in the first quarter. Royal Bank of Canada now owns 4,755 shares of the technology company’s stock worth $32,000 after purchasing an additional 4,587 shares in the last quarter. Citigroup Inc. bought a new position in shares of Lantronix in the third quarter worth $35,000. Finally, Cubist Systematic Strategies LLC bought a new position in Lantronix during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 37.21% of the company’s stock.

Lantronix Company Profile

(Get Free Report)

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure 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 that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.

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