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

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of NYSE:LGL opened at $5.56 on Thursday. The LGL Group has a 52-week low of $4.20 and a 52-week high of $6.76. The business has a fifty day moving average of $5.36 and a two-hundred day moving average of $5.70.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. increased its holdings in The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. Institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

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.