The LGL Group (NYSE:LGL) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a report released on Tuesday. The firm set a “hold” rating on the stock.

The LGL Group Trading Down 0.5 %

NYSE:LGL opened at $6.12 on Tuesday. The LGL Group has a 52 week low of $4.86 and a 52 week high of $6.76. The firm has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $5.81.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. boosted its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group accounts for about 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the SEC. 30.28% of the stock is currently 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.