Lantronix (LTRX) Announces Quarterly Results
Lantronix (NASDAQ:LTRX) released its earnings data on Thursday. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.01, Stock Ratings Network.com reports. The company had revenue of $11.10 million for the quarter, compared to the consensus estimate of $11.45 million.
A number of analysts have recently weighed in on LTRX shares. Analysts at Zacks upgraded shares of Lantronix from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $1.90 price target on the stock.
Lantronix (NASDAQ:LTRX) traded down 2.62% during mid-day trading on Thursday, hitting $1.86. 9,018 shares of the company’s stock traded hands. 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 $1.94 and a 200-day moving average of $2.05. The company’s market cap is $27.3 million.
Lantronix, Inc designs, 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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