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

Lantronix, Inc. (NASDAQ:LTRX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.69 and traded as high as $3.78. Lantronix shares last traded at $3.73, with a volume of 275,533 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.50 price target on shares of Lantronix in a research note on Tuesday, January 21st. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group cut their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $6.50.

Lantronix Price 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 company’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $3.69. The stock has a market capitalization of $143.49 million, a P/E ratio of -26.64 and a beta of 1.94.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. The firm had revenue of $34.42 million for the quarter, compared to the consensus estimate of $37.10 million. During the same period last year, the company posted ($0.05) earnings per share. As a group, sell-side analysts expect that Lantronix, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity at Lantronix

In other Lantronix news, CEO Saleel Awsare acquired 80,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the acquisition, the chief executive officer now directly owns 233,184 shares of the company’s stock, valued at approximately $620,269.44. This trade represents a 52.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hoshi Printer acquired 15,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, with a total value of $43,500.00. Following the acquisition, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

Institutional Trading of Lantronix

A number of institutional investors and hedge funds have recently made changes to their positions in LTRX. ProShare Advisors LLC bought a new stake in shares of Lantronix during the 2nd quarter worth approximately $42,000. Mackenzie Financial Corp bought a new position in Lantronix in the 2nd quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Lantronix in the 3rd quarter valued at approximately $60,000. American Century Companies Inc. lifted its stake 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 purchasing an additional 5,693 shares during the last quarter. Finally, Barclays PLC lifted its stake in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the last quarter. 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.