Lantronix Lowered to Underperform at Zacks (LTRX)
Lantronix (NASDAQ:LTRX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday. They currently have a $1.90 price target on the stock. Zacks‘s price target suggests a potential downside of 5.00% from the stock’s previous close.
Lantronix (NASDAQ:LTRX) traded down 4.50% on Wednesday, hitting $1.91. The stock had a trading volume of 51,310 shares. Lantronix has a 52-week low of $1.31 and a 52-week high of $3.31. The stock has a 50-day moving average of $1.98 and a 200-day moving average of $2.09. The company’s market cap is $28.1 million.
Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. During the same quarter in the previous year, the company posted ($0.05) earnings per share. On average, analysts predict that Lantronix will post $-0.07 earnings per share for the current fiscal year.
Lantronix, Incdesigns, develops, markets and sells products that make it possible to access, manage, control and configure electronic products over the Internet or other networks.
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