LGL Group (NYSEAMERICAN:LGL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.72 and traded as high as $7.05. LGL Group shares last traded at $6.89, with a volume of 16,506 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of 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.com, the stock currently has a consensus rating of “Hold”.

LGL Group Price Performance

The business’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $6.72. The company has a market capitalization of $45.06 million, a PE ratio of 689.69 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last issued its 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 firm had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. As a group, analysts anticipate that LGL Group, Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On LGL Group

A number of institutional investors and hedge funds have recently made changes to their positions in LGL. Gamco Investors INC. ET AL raised its stake in shares of LGL Group by 2.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after acquiring an additional 18,305 shares during the period. Citadel Advisors LLC purchased a new stake in shares of LGL Group in the 3rd quarter valued at approximately $90,000. Renaissance Technologies LLC raised its stake in shares of LGL Group by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after acquiring an additional 5,773 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of LGL Group by 15.5% in the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 2,710 shares during the period. 30.28% of the stock is owned by hedge funds and other 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.