Insider Buying: Hoshi Printer Purchases 1,000 Shares of Lantronix Stock (LTRX)
Lantronix (NASDAQ:LTRX) Director Hoshi Printer purchased 1,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $1.87 per share, with a total value of $1,870.00. Following the completion of the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $13,090. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Lantronix from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. They now have a $1.90 price target on the stock.
Lantronix (NASDAQ:LTRX) traded up 0.55% during mid-day trading on Thursday, hitting $1.8601. The stock had a trading volume of 10,213 shares. Lantronix has a 1-year low of $1.31 and a 1-year high of $3.31. The stock has a 50-day moving average of $1.92 and a 200-day moving average of $2.03. The company’s market cap is $27.5 million.
Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $11.10 million for the quarter. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Analysts expect that Lantronix will post $-0.01 EPS for the current fiscal year.
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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