LGL Group (NYSEAMERICAN:LGL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.78 and traded as high as $6.95. LGL Group shares last traded at $6.94, with a volume of 28,659 shares trading hands.

Analyst Upgrades and Downgrades

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

LGL Group Stock Up 0.6%

The company’s fifty day moving average is $7.03 and its 200 day moving average is $6.78. The firm has a market cap of $45.39 million, a price-to-earnings ratio of 694.69 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last released its earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The business had revenue of $0.80 million during the quarter, compared to the consensus estimate of $9.10 million. On average, equities research analysts forecast that LGL Group, Inc. will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On LGL Group

Several hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its position in shares of LGL Group by 2.8% in the first 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 last quarter. Renaissance Technologies LLC boosted its position in LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after purchasing an additional 5,773 shares during the last quarter. Osaic Holdings Inc. boosted its position in LGL Group by 15.5% during 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. Finally, Citadel Advisors LLC bought a new position in LGL Group in the third quarter valued at approximately $90,000. 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.