The LGL Group (NYSE:LGL) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Trading Down 3.3 %

NYSE:LGL opened at $5.85 on Tuesday. The LGL Group has a 12-month low of $4.20 and a 12-month high of $6.76. The stock has a fifty day moving average price of $5.69 and a 200 day moving average price of $5.62.

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 business had revenue of $0.53 million during the quarter.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL) by 41.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the period. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by institutional investors.

About The LGL Group

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.