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
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.
- Get a free copy of the StockNews.com research report on Lantronix (LTRX)
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