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

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.67 and traded as high as $7.35. LGL Group shares last traded at $7.12, with a volume of 8,259 shares.

Analyst Ratings Changes

Separately, Zacks Research raised 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 data from MarketBeat, the company has an average rating of “Hold”.

LGL Group Stock Performance

The stock’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $6.67. The firm has a market capitalization of $46.56 million, a PE ratio of 712.71 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last issued its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The company had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. As a group, analysts predict that LGL Group, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of LGL Group

A number of hedge funds have recently modified their holdings of LGL. Citadel Advisors LLC bought a new stake in shares of LGL Group during the 3rd quarter valued at $90,000. Osaic Holdings Inc. boosted its holdings in shares of LGL Group by 15.5% during the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after buying an additional 2,710 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 valued at $1,158,000 after buying an additional 5,773 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of LGL Group by 2.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after buying an additional 18,305 shares in the last quarter. Institutional investors own 30.28% of the company’s stock.

LGL Group Company Profile

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.