Lantronix (NASDAQ:LTRX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lantronix, Inc. (NASDAQ:LTRX)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.23 and traded as high as $6.17. Lantronix shares last traded at $5.99, with a volume of 295,289 shares.

Analyst Ratings Changes

LTRX has been the topic of several analyst reports. Craig Hallum reissued a “buy” rating and set a $10.00 target price on shares of Lantronix in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Lake Street Capital increased their price objective on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC boosted their target price on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.38.

Lantronix Stock Up 2.0%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75. The stock has a market capitalization of $237.74 million, a P/E ratio of -24.96 and a beta of 1.51. The stock’s fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $5.23.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. The firm had revenue of $29.77 million during the quarter, compared to the consensus estimate of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, research analysts expect that Lantronix, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares during the last quarter. AMH Equity Ltd increased its position in Lantronix by 24.5% during the 2nd quarter. AMH Equity Ltd now owns 250,000 shares of the technology company’s stock valued at $718,000 after purchasing an additional 49,219 shares during the period. XTX Topco Ltd bought a new position in Lantronix during the 2nd quarter worth approximately $86,000. Panagora Asset Management Inc. acquired a new position in shares of Lantronix in the 2nd quarter worth approximately $268,000. Finally, Marshall Wace LLP boosted its stake in shares of Lantronix by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 42,838 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.