Insider Buying: Lantronix Director Acquires 1,000 Shares of Stock (LTRX)
Lantronix (NASDAQ:LTRX) Director Hoshi Printer acquired 1,000 shares of Lantronix stock on the open market in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $1.87 per share, with a total value of $1,870.00. Following the completion of the purchase, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $13,090. The acquisition was disclosed in a legal filing 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% on Thursday, hitting $1.8601. The stock had a trading volume of 10,213 shares. Lantronix has a one year low of $1.31 and a one year high of $3.31. The stock’s 50-day moving average is $1.92 and its 200-day moving average is $2.03. The company’s market cap is $27.5 million.
Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, August 21st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $11.10 million for the quarter. During the same quarter last year, the company posted ($0.08) earnings per share. On average, analysts predict that Lantronix will post $-0.01 earnings per share 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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