StockNews.com Downgrades Lantronix (NASDAQ:LTRX) to Buy

Lantronix (NASDAQ:LTRXGet Free Report) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

LTRX has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $8.50 target price on shares of Lantronix in a report on Friday, January 19th. TheStreet upgraded shares of Lantronix from a “d+” rating to a “c-” rating in a report on Friday, December 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $9.80.

Get Our Latest Research Report on Lantronix

Lantronix Price Performance

LTRX stock opened at $5.93 on Monday. Lantronix has a one year low of $3.52 and a one year high of $6.95. The company’s fifty day moving average price is $6.08 and its 200-day moving average price is $5.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market capitalization of $220.95 million, a PE ratio of -23.72 and a beta of 2.25.

Lantronix (NASDAQ:LTRXGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). Lantronix had a negative net margin of 6.96% and a negative return on equity of 11.81%. The business had revenue of $33.03 million for the quarter, compared to analysts’ expectations of $31.50 million. On average, equities analysts anticipate that Lantronix will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AMH Equity Ltd raised its holdings in shares of Lantronix by 16.0% during the 4th quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after acquiring an additional 182,552 shares during the period. Vanguard Group Inc. raised its holdings in Lantronix by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,254,718 shares of the technology company’s stock valued at $5,583,000 after buying an additional 97,188 shares during the period. Portolan Capital Management LLC grew its position in Lantronix by 20.5% in the 1st quarter. Portolan Capital Management LLC now owns 833,045 shares of the technology company’s stock valued at $3,615,000 after acquiring an additional 141,927 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lantronix by 27.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 674,485 shares of the technology company’s stock valued at $2,840,000 after acquiring an additional 145,527 shares in the last quarter. Finally, Lynrock Lake LP grew its position in Lantronix by 1.5% in the 4th quarter. Lynrock Lake LP now owns 666,666 shares of the technology company’s stock valued at $2,880,000 after acquiring an additional 9,983 shares in the last quarter. Hedge funds and other institutional investors own 37.21% of the company’s stock.

About Lantronix

(Get Free Report)

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.

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