The LGL Group (NYSE:LGL) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Wednesday. The firm issued a hold rating on the stock.

The LGL Group Trading Up 2.6 %

The LGL Group stock opened at $6.62 on Wednesday. The LGL Group has a one year low of $4.86 and a one year high of $6.80. The stock has a 50-day moving average of $6.07 and a two-hundred day moving average of $5.86.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its holdings in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the period. The LGL Group comprises 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. 30.28% of the stock is owned by institutional investors.

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.