Lantronix (NASDAQ:LTRX) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Lantronix, Inc. (NASDAQ:LTRX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.67 and traded as high as $4.29. Lantronix shares last traded at $4.07, with a volume of 397,029 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Canaccord Genuity Group dropped their price target on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Needham & Company LLC decreased their price target on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.50.

Lantronix Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The firm’s fifty day moving average is $3.43 and its 200-day moving average is $3.67. The stock has a market capitalization of $162.75 million, a price-to-earnings ratio of -30.21 and a beta of 1.94.

Insider Transactions at Lantronix

In other news, major shareholder Bernhard Bruscha sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $4.08, for a total transaction of $81,600.00. Following the transaction, the insider now directly owns 5,198,971 shares in the company, valued at $21,211,801.68. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hoshi Printer bought 15,000 shares of Lantronix stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of $2.90 per share, with a total value of $43,500.00. Following the completion of the purchase, the director now directly owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. The trade was a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after buying an additional 5,693 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lantronix by 3.2% in the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 10,413 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Lantronix during the second quarter worth $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix during the second quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lantronix during the third quarter valued at $60,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.