The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

The LGL Group Stock Performance

The LGL Group stock opened at $5.56 on Tuesday. The firm’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $5.75. The LGL Group has a 1-year low of $4.20 and a 1-year high of $6.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission. 30.28% of the stock is currently owned by institutional investors and hedge funds.

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.