Lantronix Inc (NASDAQ:LTRX) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus price objective of $4.25 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lantronix an industry rank of 221 out of 255 based on the ratings given to related companies.
LTRX has been the subject of several research analyst reports. ValuEngine upgraded Lantronix from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Needham & Company LLC cut their price objective on Lantronix from $4.50 to $4.25 and set a “buy” rating for the company in a research report on Wednesday, September 11th.
Shares of NASDAQ LTRX traded down $0.08 during mid-day trading on Friday, reaching $3.03. 73,600 shares of the company traded hands, compared to its average volume of 76,035. The stock has a market cap of $70.03 million, a PE ratio of 43.29 and a beta of 0.73. The company’s fifty day moving average is $3.42 and its two-hundred day moving average is $3.45. Lantronix has a fifty-two week low of $2.34 and a fifty-two week high of $4.24.
Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The company had revenue of $10.15 million for the quarter. Lantronix had a negative net margin of 0.87% and a positive return on equity of 5.32%. As a group, sell-side analysts predict that Lantronix will post 0.21 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. acquired a new stake in shares of Lantronix in the 2nd quarter valued at $33,000. LPL Financial LLC acquired a new stake in shares of Lantronix in the 2nd quarter valued at $266,000. BlackRock Inc. increased its stake in shares of Lantronix by 6.3% in the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after buying an additional 8,238 shares during the period. Finally, River & Mercantile Asset Management LLP acquired a new stake in shares of Lantronix in the 2nd quarter valued at $1,599,000. Hedge funds and other institutional investors own 19.03% of the company’s stock.
Lantronix Company Profile
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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