Lantronix (LTRX) Downgraded by ValuEngine to Hold

Lantronix (NASDAQ:LTRX) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, September 13th.

Separately, Lake Street Capital restated a “buy” rating and issued a $6.00 price objective on shares of Lantronix in a report on Thursday, August 23rd.

Lantronix stock traded down $0.03 during mid-day trading on Thursday, reaching $3.87. 75,479 shares of the company’s stock were exchanged, compared to its average volume of 99,233. The firm has a market cap of $78.27 million, a PE ratio of 40.70 and a beta of 0.47. Lantronix has a twelve month low of $1.78 and a twelve month high of $6.47.

Lantronix (NASDAQ:LTRX) last released its earnings results on Wednesday, August 22nd. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. Lantronix had a net margin of 1.49% and a return on equity of 8.09%. The company had revenue of $12.04 million for the quarter.

An institutional investor recently bought a new position in Lantronix stock. Acadian Asset Management LLC bought a new stake in Lantronix Inc (NASDAQ:LTRX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 102,495 shares of the technology company’s stock, valued at approximately $291,000. Acadian Asset Management LLC owned about 0.56% of Lantronix at the end of the most recent reporting period. Institutional investors and hedge funds own 14.18% of the company’s stock.

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.

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

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