Insider Buying: Lantronix Director Acquires 1,000 Shares of Stock (LTRX)
Lantronix (NASDAQ:LTRX) Director Hoshi Printer bought 1,000 shares of Lantronix stock in a transaction that occurred on 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 in the company, valued at approximately $13,090. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
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, August 18th. They now have a $1.90 price target on the stock.
Lantronix (NASDAQ:LTRX) traded up 1.07% on Friday, hitting $1.88. 8,958 shares of the company’s stock traded hands. Lantronix has a one year low of $1.31 and a one year high of $3.31. The stock has a 50-day moving average of $1.9 and a 200-day moving average of $2.03. The company’s market cap is $27.8 million.
Lantronix (NASDAQ:LTRX) last released its 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. 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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