StockNews.com Begins Coverage on The LGL Group (NYSE:LGL)

Stock analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

The LGL Group Price Performance

LGL opened at $5.82 on Monday. The LGL Group has a 52-week low of $4.20 and a 52-week high of $6.76. The business’s fifty day moving average is $5.61 and its 200-day moving average is $5.63.

The LGL Group (NYSE:LGL) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $0.53 million for the quarter. The LGL Group had a return on equity of 1.05% and a net margin of 14.07%.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 417,786 shares of the company’s stock after buying an additional 121,403 shares during the quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.