By otakuyassine3@gmail.com 
Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) 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.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC decreased their price target on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Canaccord Genuity Group dropped their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $6.50.
Get Our Latest Report on Lantronix
Lantronix Price Performance
The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $3.45 and its 200 day simple moving average is $3.65. The firm has a market capitalization of $140.05 million, a P/E 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 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 completion of the sale, the insider now owns 5,218,971 shares of the company’s stock, valued at $21,763,109.07. This represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Saleel Awsare purchased 80,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the acquisition, the chief executive officer now owns 233,184 shares in the company, valued at approximately $620,269.44. The trade was a 52.22 % 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 company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of LTRX. American Century Companies Inc. increased its stake in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after buying an additional 5,693 shares during the period. Geode Capital Management LLC boosted its holdings in Lantronix by 3.2% in the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 10,413 shares in the last quarter. ProShare Advisors LLC purchased a new position in Lantronix during the 2nd quarter valued at $42,000. Mackenzie Financial Corp purchased a new position in Lantronix during the 2nd quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Lantronix in the 3rd quarter worth $60,000. 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.
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