Lantronix (NASDAQ:LTRX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Lantronix, Inc. (NASDAQ:LTRX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.67 and traded as high as $4.29. Lantronix shares last traded at $4.07, with a volume of 397,029 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LTRX shares. Canaccord Genuity Group lowered their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Needham & Company LLC cut their price target on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $6.50.

Lantronix Price Performance

The company has a market cap of $156.59 million, a PE ratio of -29.07 and a beta of 2.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The company’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.67.

Insider Activity at Lantronix

In related news, major shareholder Bernhard Bruscha sold 20,000 shares of Lantronix stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $4.08, for a total value of $81,600.00. Following the transaction, the insider now directly owns 5,198,971 shares in the company, valued at $21,211,801.68. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hoshi Printer purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $2.90 per share, with a total value of $43,500.00. Following the completion of the acquisition, the director now directly owns 176,075 shares of the company’s stock, valued at $510,617.50. This represents a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Lantronix

Several large investors have recently bought and sold shares of LTRX. First Eagle Investment Management LLC lifted its stake in Lantronix by 65.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 159,671 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after acquiring an additional 152,400 shares during the last quarter. Herald Investment Management Ltd increased its position in Lantronix by 17.6% during the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Lantronix by 260.2% in the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after purchasing an additional 115,772 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.