LGL Group (NYSEAMERICAN:LGL) Stock Price Passes Above 200 Day Moving Average – What’s Next?

LGL Group, Inc. (The) (NYSEAMERICAN:LGL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.67 and traded as high as $7.35. LGL Group shares last traded at $7.12, with a volume of 8,259 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded LGL Group to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

LGL Group Stock Down 0.4%

The company has a market cap of $46.56 million, a P/E ratio of 712.71 and a beta of 0.31. The stock has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $6.67.

LGL Group (NYSEAMERICAN:LGL) last posted its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a return on equity of 0.16% and a net margin of 1.66%.The company had revenue of $0.80 million for the quarter, compared to the consensus estimate of $9.10 million. Equities analysts anticipate that LGL Group, Inc. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On LGL Group

A number of hedge funds have recently added to or reduced their stakes in LGL. Citadel Advisors LLC bought a new position in LGL Group during the 3rd quarter worth $90,000. Osaic Holdings Inc. increased its stake in LGL Group by 15.5% during the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 2,710 shares during the period. Renaissance Technologies LLC increased its stake in LGL Group by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after acquiring an additional 5,773 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in LGL Group by 2.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after acquiring an additional 18,305 shares during the period. Institutional investors own 30.28% of the company’s stock.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.