Lantronix (NASDAQ:LTRX) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Lantronix (NASDAQ:LTRX) from a hold rating to a buy rating in a report released on Tuesday, ValuEngine reports.

Shares of NASDAQ LTRX opened at $3.40 on Tuesday. The stock has a market cap of $77.11 million, a price-to-earnings ratio of 26.08 and a beta of 0.73. Lantronix has a 1-year low of $2.34 and a 1-year high of $6.47. The stock’s 50-day moving average is $3.50 and its 200 day moving average is $3.26.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Lantronix by 7.7% in the fourth quarter. BlackRock Inc. now owns 133,221 shares of the technology company’s stock worth $391,000 after purchasing an additional 9,537 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lantronix by 36.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 187,973 shares of the technology company’s stock worth $553,000 after purchasing an additional 49,868 shares during the last quarter. Cadence Capital Management LLC increased its position in Lantronix by 1.8% during the first quarter. Cadence Capital Management LLC now owns 477,348 shares of the technology company’s stock valued at $1,442,000 after acquiring an additional 8,404 shares during the last quarter. Acadian Asset Management LLC increased its position in Lantronix by 22.9% during the first quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock valued at $727,000 after acquiring an additional 44,894 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its position in Lantronix by 37.2% during the first quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock valued at $55,000 after acquiring an additional 4,923 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Lantronix Company Profile

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

See Also: Moving Average (MA)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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