Lantronix (NASDAQ:LTRX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Lantronix, Inc. (NASDAQ:LTRX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.85 and traded as high as $6.38. Lantronix shares last traded at $6.31, with a volume of 881,362 shares changing hands.

Analyst Ratings Changes

LTRX has been the subject of a number of analyst reports. Needham & Company LLC raised their target price on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Lantronix in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.83.

Lantronix Stock Up 0.6%

The company has a market cap of $251.26 million, a P/E ratio of -37.12 and a beta of 1.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The company’s 50-day moving average is $6.01 and its two-hundred day moving average is $5.85.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts predict that Lantronix, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the sale, the insider owned 55,569 shares of the company’s stock, valued at $345,083.49. This trade represents a 20.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bailard Inc. purchased a new stake in Lantronix in the third quarter worth approximately $49,000. Invesco Ltd. purchased a new stake in Lantronix in the fourth quarter worth approximately $68,000. R Squared Ltd boosted its holdings in Lantronix by 24.3% in the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after purchasing an additional 2,754 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Lantronix in the fourth quarter worth approximately $86,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Lantronix in the fourth quarter worth approximately $95,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.