The LGL Group (NYSE:LGL) Trading Down 0.2% – Here’s Why

Shares of The LGL Group, Inc. (NYSE:LGL) were down 0.2% on Monday . The company traded as low as $5.65 and last traded at $5.76. Approximately 11,101 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 9,064 shares. The stock had previously closed at $5.77.

The LGL Group Price Performance

The stock has a market cap of $31.86 million, a price-to-earnings ratio of 33.88 and a beta of 0.42. The stock has a fifty day moving average of $5.97 and a 200 day moving average of $6.56.

Institutional Trading of The LGL Group

An institutional investor recently bought a new position in The LGL Group stock. Citadel Advisors LLC acquired a new position in The LGL Group, Inc. (NYSE:LGL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,515 shares of the company’s stock, valued at approximately $90,000. Citadel Advisors LLC owned 0.25% of The LGL Group at the end of the most recent reporting period. Institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.

One of the company’s core businesses focuses on defense electronics, where it supports U.S.