Somewhat Positive Media Coverage Somewhat Unlikely to Impact Lantronix (LTRX) Share Price

News articles about Lantronix (NASDAQ:LTRX) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lantronix earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.9602492286843 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Lantronix (NASDAQ LTRX) traded up $0.02 during mid-day trading on Tuesday, reaching $1.94. 84,000 shares of the company’s stock were exchanged, compared to its average volume of 132,001. Lantronix has a fifty-two week low of $1.34 and a fifty-two week high of $4.09. The stock has a market cap of $34.51, a PE ratio of 96.00 and a beta of -0.24.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Lantronix had a negative net margin of 1.83% and a positive return on equity of 2.39%. The business had revenue of $10.61 million during the quarter.

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About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.

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