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

Equities researchers at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report released on Monday. The firm set a “hold” rating on the stock.

The LGL Group Price Performance

Shares of The LGL Group stock opened at $5.76 on Monday. The company’s fifty day moving average is $5.98 and its 200 day moving average is $5.77. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.76.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its stake in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the period. The LGL Group makes up 1.1% of Bard Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission. 30.28% of the stock is owned by institutional investors.

The LGL Group Company Profile

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.