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

StockNews.com downgraded shares of Lantronix (NASDAQ:LTRXFree Report) from a strong-buy rating to a buy rating in a research note published on Monday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reiterated a buy rating and issued a $8.50 target price on shares of Lantronix in a research note on Friday, January 19th. TheStreet upgraded Lantronix from a d+ rating to a c- rating in a research note on Friday, December 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average price target of $9.80.

Check Out Our Latest Research Report on Lantronix

Lantronix Stock Performance

Shares of NASDAQ:LTRX opened at $5.83 on Monday. Lantronix has a one year low of $3.52 and a one year high of $6.95. 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 firm’s 50 day simple moving average is $6.08 and its 200-day simple moving average is $5.04. The firm has a market cap of $217.23 million, a PE ratio of -23.32 and a beta of 2.25.

Lantronix (NASDAQ:LTRXGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.05) EPS for the quarter, hitting 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 company had revenue of $33.03 million during the quarter, compared to the consensus estimate of $31.50 million. As a group, equities analysts predict that Lantronix will post 0.22 EPS for the current year.

Institutional Trading of Lantronix

Large investors have recently added to or reduced their stakes in the company. AMH Equity Ltd lifted its holdings in shares of Lantronix by 16.0% during the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after purchasing an additional 182,552 shares during the period. Vanguard Group Inc. lifted its position in Lantronix by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,254,718 shares of the technology company’s stock valued at $5,583,000 after purchasing an additional 97,188 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lantronix by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 903,101 shares of the technology company’s stock valued at $5,292,000 after purchasing an additional 88,603 shares during the last quarter. Portolan Capital Management LLC grew its position in Lantronix by 20.5% during the 1st quarter. Portolan Capital Management LLC now owns 833,045 shares of the technology company’s stock worth $3,615,000 after purchasing an additional 141,927 shares during the period. Finally, Lynrock Lake LP raised its stake in shares of Lantronix by 1.5% during the 4th quarter. Lynrock Lake LP now owns 666,666 shares of the technology company’s stock valued at $2,880,000 after buying an additional 9,983 shares during the last quarter. Hedge funds and other institutional investors own 37.21% of the company’s stock.

Lantronix Company Profile

(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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