Lantronix (LTRX) Upgraded by Zacks Investment Research to Buy

Lantronix stock has undergone multiple analysts rating changes in the recent past.  Lantronix Upgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Lantronix traded down -$0.11 on Monday, reaching $6.02. 300 shares of the stock traded hands, compared to its average volume of 209501. Shares of Lantronix were trading at $6.02 on Monday. The firm’s 50 day moving average is $5.72 and its 200 day moving average is $5.16.Lantronix has a 12 month low of $5.95 and a 12 month high of $6.89. While on yearly highs and lows, Lantronix’s today has traded high as $6.21 and has touched $5.95 on the downward trend. See More Analyst Rating at: RATING

Lantronix Earnings and What to expect: 

Lantronix last released its earnings data on August 25th, 2021. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $20.64 million for the quarter, compared to the consensus estimate of $20 million. Lantronix has generated ($0.14) earnings per share over the last year (($0.14) diluted earnings per share). Lantronix has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

The P/E ratio of Lantronix is -43.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Lantronix is -43.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Lantronix has a P/B Ratio of 3.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Lantronix (LTRX) Moving Average Technical Analysis

5 day Moving Average is $6.10 And 5 day price change is unch (unch)  with average volume for 5 day average is 77,840. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.07 and 20 day price change is -$0.22 (-3.53%) and average 20 day moving volume is 137,265. 50 day moving average is $5.72  and 50 day price change is $0.76 ( 14.45%)  and with average volume for 50 days is : 162,190. 200 day moving average is $5.16  and 200 day price change is $1.46 (32.02%)  and with average volume for 200 days is : 166,054.

Other owners latest trading in Lantronix :

  • On 8/25/2021 shares held by Marshall Wace LLP were 80,256 which equates to market value of $0.41M and appx 0.00% owners of Lantronix
  • On 8/23/2021 shares held by Morgan Stanley were 10,221 which equates to market value of $53K and appx 0.00% owners of Lantronix
  • On 8/17/2021 shares held by Lynrock Lake LP were 258,930 which equates to market value of $1.34M and appx 0.10% owners of Lantronix
  • In total Institutional ownership equates to Institutional Ownership Percentage: 16.28% for Lantronix

See More Analyst Rating at: RATING