Lantronix (NASDAQ:LTRX) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Lantronix, Inc. (NASDAQ:LTRX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.05 and traded as high as $6.34. Lantronix shares last traded at $5.94, with a volume of 300,634 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LTRX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research report on Wednesday, October 8th. Needham & Company LLC raised their price target on Lantronix from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen raised Lantronix from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Lake Street Capital increased their price objective on Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lantronix currently has an average rating of “Moderate Buy” and a consensus price target of $6.17.

Lantronix Stock Performance

The stock has a market cap of $233.80 million, a PE ratio of -22.00 and a beta of 1.51. The stock has a fifty day moving average of $5.11 and a 200-day moving average of $4.05. The company has a quick ratio of 1.93, a current ratio of 3.01 and a debt-to-equity ratio of 0.14.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative return on equity of 11.63% and a negative net margin of 8.68%.The firm had revenue of $29.79 million during the quarter, compared to the consensus estimate of $29.55 million. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. On average, equities analysts forecast that Lantronix, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Lantronix

A number of hedge funds and other institutional investors have recently bought and sold shares of LTRX. Qube Research & Technologies Ltd raised its position in Lantronix by 76.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 64,019 shares of the technology company’s stock worth $293,000 after buying an additional 27,661 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Lantronix during the third quarter worth about $564,000. Citadel Advisors LLC raised its holdings in Lantronix by 1,191.2% during the third quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock worth $894,000 after purchasing an additional 180,436 shares in the last quarter. Centiva Capital LP acquired a new stake in Lantronix in the third quarter valued at about $237,000. Finally, Bank of America Corp DE boosted its holdings in Lantronix by 2,092.5% in the 3rd quarter. Bank of America Corp DE now owns 29,095 shares of the technology company’s stock valued at $133,000 after purchasing an additional 27,768 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.