LGL Group (NYSEAMERICAN:LGL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

LGL Group, Inc. (The) (NYSEAMERICAN:LGL)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.10 and traded as high as $7.49. LGL Group shares last traded at $7.44, with a volume of 8,905 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

LGL Group Price Performance

The stock’s 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $7.10. The firm has a market capitalization of $94.20 million, a P/E ratio of -186.72 and a beta of 0.32.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings results on Friday, August 14th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). LGL Group had a negative net margin of 5.04% and a negative return on equity of 0.51%. The company had revenue of $0.75 million for the quarter, compared to analysts’ expectations of $0.80 million. On average, analysts forecast that LGL Group, Inc. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LGL Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in shares of LGL Group during the third quarter worth $90,000. BlackRock Inc. purchased a new stake in LGL Group in the 2nd quarter worth approximately $93,000. Osaic Holdings Inc. raised its position in shares of LGL Group by 15.5% in the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 2,710 shares during the period. Cable Car Capital LP purchased a new position in shares of LGL Group in the 2nd quarter valued at about $346,000. Finally, Renaissance Technologies LLC raised its stake in shares of LGL Group by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after buying an additional 5,773 shares during the period. 30.28% of the stock is owned by hedge funds and other institutional investors.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.