Lantronix (NASDAQ:LTRX) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Lantronix, Inc. (NASDAQ:LTRX)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.10 and traded as low as $5.87. Lantronix shares last traded at $6.01, with a volume of 462,825 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Lake Street Capital boosted their price target on Lantronix from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Lantronix in a report on Thursday, August 27th. Canaccord Genuity Group lifted their price objective on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. JonesTrading initiated coverage on Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Wall Street Zen upgraded Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.80.

Lantronix Stock Performance

The company’s 50-day moving average price is $6.05 and its 200 day moving average price is $6.10. The stock has a market capitalization of $281.75 million, a PE ratio of -54.64 and a beta of 1.61.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The company had revenue of $31.15 million for the quarter, compared to analysts’ expectations of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Analysts expect that Lantronix, Inc. will post 0.10 earnings per share for the current year.

Insider Buying and Selling at Lantronix

In other news, CEO Saleel Awsare bought 15,000 shares of Lantronix stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the acquisition, the chief executive officer owned 453,381 shares of the company’s stock, valued at approximately $2,348,513.58. The trade was a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LTRX. State of Wyoming grew its stake in Lantronix by 84.0% in the third quarter. State of Wyoming now owns 42,537 shares of the technology company’s stock worth $307,000 after purchasing an additional 19,420 shares during the period. WINTON GROUP Ltd raised its holdings in Lantronix by 59.4% in the second quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock worth $483,000 after purchasing an additional 30,626 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Lantronix by 215.5% in the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 174,086 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Lantronix during the second quarter valued at $7,350,000. Finally, Globeflex Capital L P purchased a new position in Lantronix during the second quarter valued at $76,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required.

Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.