LGL Group (NYSEAMERICAN:LGL) Shares Cross Above 200 Day Moving Average – What’s Next?

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.83 and traded as high as $6.98. LGL Group shares last traded at $6.91, with a volume of 12,331 shares changing hands.

Analyst Upgrades and Downgrades

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

LGL Group Stock Performance

The company has a market capitalization of $45.19 million, a P/E ratio of 691.69 and a beta of 0.31. The stock’s fifty day moving average price is $7.01 and its 200-day moving average price is $6.83.

LGL Group (NYSEAMERICAN:LGL) last posted its quarterly earnings results 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 business had revenue of $0.80 million for the quarter, compared to the consensus estimate of $9.10 million. On average, research analysts predict that LGL Group, Inc. will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On LGL Group

Several large investors have recently modified their holdings of LGL. Citadel Advisors LLC bought a new stake in shares of LGL Group during the third quarter worth approximately $90,000. Osaic Holdings Inc. grew its position in shares of LGL Group by 15.5% in the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 2,710 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 5,773 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of LGL Group by 2.8% during the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after purchasing an additional 18,305 shares during the period. 30.28% of the stock is owned by institutional investors.

LGL Group Company Profile

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.