The LGL Group (NYSE:LGL) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of The LGL Group (NYSE:LGLFree Report) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.

The LGL Group Trading Down 2.3 %

Shares of The LGL Group stock opened at $5.31 on Friday. The business’s fifty day simple moving average is $5.22 and its 200 day simple moving average is $5.78. The LGL Group has a 12 month low of $4.20 and a 12 month high of $6.76.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. lifted its stake in shares of The LGL Group, Inc. (NYSE:LGLFree Report) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. Institutional investors own 30.28% of the company’s stock.

About The LGL Group

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The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.

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