The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

The LGL Group Trading Up 3.4 %

Shares of LGL opened at $6.06 on Tuesday. The stock has a 50-day simple moving average of $5.67 and a 200-day simple moving average of $5.62. The LGL Group has a 1 year low of $4.20 and a 1 year high of $6.76.

The LGL Group (NYSE:LGL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The LGL Group had a net margin of 14.07% and a return on equity of 1.05%. The company had revenue of $0.53 million during the quarter.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 30.28% of the company’s stock.

About The LGL Group

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.