Lantronix (LTRX) Receiving Positive Press Coverage, Report Finds
Headlines about Lantronix (NASDAQ:LTRX) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lantronix earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.7852939963558 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Lantronix (NASDAQ LTRX) traded up 6.93% on Monday, reaching $2.16. The company’s stock had a trading volume of 70,701 shares. Lantronix has a 12-month low of $1.23 and a 12-month high of $4.09. The stock’s market cap is $37.99 million. The firm has a 50 day moving average price of $2.29 and a 200-day moving average price of $2.59.
Several research analysts have issued reports on the company. Lake Street Capital raised their target price on Lantronix from $2.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research cut Lantronix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, ValuEngine raised Lantronix from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
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In other news, VP Michael Andrew Fink sold 22,194 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $2.28, for a total value of $50,602.32. Following the transaction, the vice president now directly owns 12,094 shares of the company’s stock, valued at $27,574.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 77,194 shares of company stock worth $179,082 over the last three months. Corporate insiders own 52.00% of the company’s stock.
Lantronix Company Profile
Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.
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