Lantronix (NASDAQ:LTRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Lantronix (NASDAQ:LTRX – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the technology company’s stock.

A number of other research firms have also recently commented on LTRX. Needham & Company LLC reissued a buy rating and issued a $10.00 price target on shares of Lantronix in a research note on Friday, February 10th. Canaccord Genuity Group cut their price target on shares of Lantronix from $11.00 to $10.00 and set a buy rating for the company in a research note on Friday, February 10th.

Lantronix Stock Performance

LTRX stock traded down $0.11 during midday trading on Thursday, reaching $3.92. The company had a trading volume of 240,626 shares, compared to its average volume of 100,695. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.28 and a quick ratio of 1.04. Lantronix has a 1 year low of $3.79 and a 1 year high of $7.94. The firm has a 50-day moving average price of $4.81 and a 200-day moving average price of $4.84.

Institutional Investors Weigh In On Lantronix

Hedge funds have recently made changes to their positions in the business. UBS Group AG lifted its holdings in shares of Lantronix by 95.1% in the 1st quarter. UBS Group AG now owns 3,901 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,901 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Lantronix in the 3rd quarter worth approximately $31,000. Royal Bank of Canada lifted its holdings in shares of Lantronix by 2,730.4% in the 1st quarter. Royal Bank of Canada now owns 4,755 shares of the technology company’s stock worth $32,000 after acquiring an additional 4,587 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Lantronix in the 3rd quarter worth approximately $50,000. Finally, Platform Technology Partners bought a new stake in shares of Lantronix in the 3rd quarter worth approximately $55,000. 36.60% of the stock is currently owned by institutional investors.

About Lantronix

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Lantronix, Inc engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). Its products and solutions include IoT, REM and Other. The company was founded by Bernhard Bruscha in June 1989 and is headquartered in Irvine, CA.