Lantronix Inc (NASDAQ:LTRX) Director Paul F. Folino sold 4,958 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $3.33, for a total value of $16,510.14. Following the sale, the director now directly owns 95,852 shares of the company’s stock, valued at $319,187.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NASDAQ LTRX opened at $3.30 on Wednesday. Lantronix Inc has a 12 month low of $2.34 and a 12 month high of $4.24. The stock has a 50-day simple moving average of $3.34 and a 200 day simple moving average of $3.42. The company has a market capitalization of $77.49 million, a PE ratio of 47.15 and a beta of 0.77.
Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $12.74 million during the quarter. Lantronix had a negative net margin of 5.90% and a positive return on equity of 2.58%. On average, equities research analysts predict that Lantronix Inc will post 0.22 EPS for the current year.
A number of large investors have recently modified their holdings of LTRX. Wedbush Securities Inc. acquired a new stake in Lantronix in the second quarter worth $33,000. LPL Financial LLC acquired a new position in shares of Lantronix in the 2nd quarter valued at $266,000. BlackRock Inc. grew its holdings in shares of Lantronix by 6.3% in the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after buying an additional 8,238 shares during the period. Finally, River & Mercantile Asset Management LLP bought a new stake in shares of Lantronix in the 2nd quarter valued at $1,599,000. 16.81% of the stock is owned by hedge funds and other 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: What are no-load funds?
Receive News & Ratings for Lantronix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix and related companies with MarketBeat.com's FREE daily email newsletter.