Lantronix (NASDAQ:LTRX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Lantronix, Inc. (NASDAQ:LTRX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.65 and traded as high as $3.69. Lantronix shares last traded at $3.64, with a volume of 178,982 shares traded.

Analysts Set New Price Targets

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

Lantronix Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The stock has a 50-day moving average price of $3.45 and a 200 day moving average price of $3.65. The company has a market cap of $140.05 million, a price-to-earnings ratio of -26.00 and a beta of 2.04.

Insider Activity at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 25,000 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00. Following the sale, the insider now directly owns 5,218,971 shares of the company’s stock, valued at approximately $21,763,109.07. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Hoshi Printer bought 15,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the director now owns 176,075 shares in the company, valued at $510,617.50. This trade represents a 9.31 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Lantronix

Several hedge funds have recently added to or reduced their stakes in LTRX. ProShare Advisors LLC bought a new position in shares of Lantronix in the second quarter valued at about $42,000. Mackenzie Financial Corp acquired a new position in Lantronix in the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lantronix in the 3rd quarter valued at about $60,000. American Century Companies Inc. raised its holdings in Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after acquiring an additional 5,693 shares during the period. Finally, Barclays PLC lifted its position in Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after acquiring an additional 43,770 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

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.