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.

A number of hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. bought a new position in shares of Lantronix during the second quarter worth about $33,000. Alambic Investment Management L.P. lifted its holdings in Lantronix by 37.2% in the first quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock worth $55,000 after purchasing an additional 4,923 shares during the period. LPL Financial LLC acquired a new stake in Lantronix in the second quarter worth about $266,000. BlackRock Inc. lifted its holdings in Lantronix by 7.7% in the 4th quarter. BlackRock Inc. now owns 133,221 shares of the technology company’s stock valued at $391,000 after acquiring an additional 9,537 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Lantronix by 36.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 187,973 shares of the technology company’s stock valued at $553,000 after acquiring an additional 49,868 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

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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