Lantronix (NASDAQ:LTRX) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Lantronix, Inc. (NASDAQ:LTRX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.98 and traded as high as $7.88. Lantronix shares last traded at $7.55, with a volume of 3,823,424 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on LTRX. Needham & Company LLC upped their price target on shares of Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Finally, Craig Hallum reiterated a “buy” rating and issued a $10.00 price target on shares of Lantronix in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.83.

Lantronix Stock Performance

The company has a market cap of $300.64 million, a PE ratio of -44.41 and a beta of 1.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The business has a 50-day moving average of $6.19 and a 200 day moving average of $5.98.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts anticipate that Lantronix, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Lantronix

In other news, insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider owned 55,569 shares in the company, valued at $345,083.49. This represents a 20.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently made changes to their positions in LTRX. Soviero Asset Management LP bought a new position in shares of Lantronix in the 3rd quarter worth approximately $2,331,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Lantronix in the 4th quarter worth approximately $2,315,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lantronix by 135.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after purchasing an additional 385,075 shares during the period. 683 Capital Management LLC bought a new position in shares of Lantronix in the 4th quarter worth approximately $1,209,000. Finally, Citadel Advisors LLC lifted its stake in shares of Lantronix by 1,191.2% in the 3rd quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock worth $894,000 after purchasing an additional 180,436 shares during the period. Institutional investors own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.