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

Lantronix, Inc. (NASDAQ:LTRX)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.05 and traded as high as $5.15. Lantronix shares last traded at $5.00, with a volume of 222,727 shares.

Analyst Ratings Changes

LTRX has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Wednesday. Lake Street Capital lifted their price objective on shares of Lantronix from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Needham & Company LLC lifted their price objective on shares of Lantronix from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Lantronix Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.54 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $4.13 and its two-hundred day simple moving average is $3.05. The stock has a market cap of $196.36 million, a P/E ratio of -16.67 and a beta of 1.39.

Insiders Place Their Bets

In other news, major shareholder Bernhard Bruscha sold 12,993 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Institutional Trading of Lantronix

A number of institutional investors have recently made changes to their positions in the business. Heartland Advisors Inc. bought a new stake in shares of Lantronix in the first quarter worth $3,486,000. Marshall Wace LLP lifted its position in shares of Lantronix by 10.6% in the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 42,838 shares in the last quarter. AMH Equity Ltd lifted its position in shares of Lantronix by 24.5% in the second quarter. AMH Equity Ltd now owns 250,000 shares of the technology company’s stock worth $718,000 after purchasing an additional 49,219 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Lantronix in the second quarter worth $302,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Lantronix in the second quarter worth $268,000. Institutional investors 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.