Lantronix (NASDAQ:LTRX) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Lantronix, Inc. (NASDAQ:LTRX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LTRX shares. Needham & Company LLC cut their price objective on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Canaccord Genuity Group decreased 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $6.50.

Lantronix Stock 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 firm has a market capitalization of $140.05 million, a PE ratio of -26.00 and a beta of 2.04. The firm has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.65.

Insider Transactions at Lantronix

In other news, major shareholder Bernhard Bruscha sold 25,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $4.17, for a total value of $104,250.00. Following the completion of the sale, the insider now directly owns 5,218,971 shares of the company’s stock, valued at $21,763,109.07. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hoshi Printer acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $2.90 per share, with a total value of $43,500.00. Following the completion of the acquisition, the director now owns 176,075 shares of the company’s stock, valued at $510,617.50. This represents a 9.31 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Lantronix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTRX. ProShare Advisors LLC bought a new stake in shares of Lantronix in the 2nd quarter worth approximately $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix during the second quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lantronix in the third quarter valued at $60,000. American Century Companies Inc. lifted its position in Lantronix by 27.6% in the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after purchasing an additional 5,693 shares during the period. Finally, Barclays PLC increased its holdings 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 buying an additional 43,770 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

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.