LGL Group (NYSEAMERICAN:LGL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

LGL Group, Inc. (The) (NYSEAMERICAN:LGL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.06 and traded as high as $7.55. LGL Group shares last traded at $7.55, with a volume of 5,789 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of LGL Group to a “hold” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, LGL Group presently has an average rating of “Hold”.

LGL Group Trading Down 1.6%

The stock has a market capitalization of $48.59 million, a PE ratio of 743.74 and a beta of 0.32. The stock has a 50 day moving average price of $6.96 and a 200-day moving average price of $7.06.

LGL Group (NYSEAMERICAN:LGL) last posted its earnings results on Friday, August 14th. The industrial products company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $0.75 million during the quarter, compared to the consensus estimate of $0.80 million. LGL Group had a net margin of 1.66% and a return on equity of 0.16%. Research analysts forecast that LGL Group, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of LGL Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in LGL Group by 15.5% in the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 2,710 shares during the period. Citadel Advisors LLC bought a new stake in shares of LGL Group during the 3rd quarter valued at $90,000. Gamco Investors INC. ET AL increased its stake in shares of LGL Group by 2.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after purchasing an additional 18,305 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of LGL Group by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 5,773 shares in the last quarter. Finally, BlackRock Inc. bought a new position in LGL Group in the 2nd quarter worth $93,000. 30.28% of the stock is owned by hedge funds and other institutional investors.

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.