StockNews.com Begins Coverage on The LGL Group (NYSE:LGL)

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

The LGL Group Stock Up 4.9 %

LGL stock opened at $6.04 on Wednesday. The stock’s 50 day moving average price is $5.74 and its 200 day moving average price is $5.61. The LGL Group has a 1 year low of $4.20 and a 1 year high of $6.76.

The LGL Group (NYSE:LGL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 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 for 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 41.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 at the end of the most recent reporting period. Institutional investors own 30.28% of the company’s stock.

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.