Lantronix (NASDAQ:LTRX) Stock Price Crosses Above 200-Day Moving Average of $3.24
Shares of Lantronix Inc (NASDAQ:LTRX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.24 and traded as high as $3.41. Lantronix shares last traded at $3.41, with a volume of 200 shares trading hands.
Separately, ValuEngine lowered shares of Lantronix from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th.
The firm’s 50 day simple moving average is $3.49 and its two-hundred day simple moving average is $3.24. The stock has a market cap of $76.36 million, a P/E ratio of 26.54 and a beta of 0.73.
About Lantronix (NASDAQ:LTRX)
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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