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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report released on Monday morning. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

Shares of NYSE:LGL opened at $6.11 on Monday. The company’s fifty day moving average is $5.95 and its two-hundred day moving average is $5.60. The LGL Group has a 12-month low of $4.42 and a 12-month high of $6.76.

The LGL Group (NYSE:LGL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The LGL Group had a return on equity of 1.05% and a net margin of 14.07%. The firm had revenue of $0.53 million during the quarter.

Hedge Funds Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises approximately 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 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.