Lantronix (NASDAQ:LTRX) Downgraded by Zacks Investment Research to Hold

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Lantronix stock has undergone multiple analysts rating changes in the recent past.  Lantronix Downgraded by Zacks Investment Research on 10/28/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Lantronix traded up $1.31 on Wednesday, reaching $9.40. 525860 shares of the stock traded hands, compared to its average volume of 185917. Shares of Lantronix were trading at $9.40 on Wednesday. The firm’s 50 day moving average is $6.33 and its 200 day moving average is $5.34.Lantronix has a 12 month low of $8.10 and a 12 month high of $9.44. While on yearly highs and lows, Lantronix’s today has traded high as $9.44 and has touched $8.10 on the downward trend. See More Analyst Rating at: RATING

Lantronix Earnings and What to expect: 

Lantronix last released its earnings results on August 25th, 2021. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm earned $20.64 million during 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 confirmed that its next quarterly earnings report will be published on Thursday, November 11th, 2021.

The P/E ratio of Lantronix is -57.78, 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 -57.78, 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 5.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Lantronix (NASDAQ:LTRX) Moving Average Technical Analysis

5 day Moving Average is $7.93 And 5 day price change is $1.52 (21.63%)  with average volume for 5 day average is 323,048. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.88 and 20 day price change is $2.74 (47.12%) and average 20 day moving volume is 192,777. 50 day moving average is $6.33  and 50 day price change is $3.88 ( 82.96%)  and with average volume for 50 days is : 205,559. 200 day moving average is $5.34  and 200 day price change is $4.02 (88.60%)  and with average volume for 200 days is : 172,466.

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