Lantronix, Inc. (NASDAQ:LTRX – Get Rating) CEO Paul H. Pickle sold 16,528 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $5.23, for a total value of $86,441.44. Following the transaction, the chief executive officer now owns 654,241 shares of the company’s stock, valued at approximately $3,421,680.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Lantronix Trading Down 3.2 %
Shares of NASDAQ LTRX opened at $5.15 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.09. The firm has a market cap of $180.96 million, a PE ratio of -28.61 and a beta of 2.30. Lantronix, Inc. has a twelve month low of $4.65 and a twelve month high of $10.25.
Lantronix (NASDAQ:LTRX – Get Rating) last issued its earnings results on Thursday, August 25th. The technology company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Lantronix had a negative return on equity of 7.74% and a negative net margin of 4.14%. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts expect that Lantronix, Inc. will post 0.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lantronix
Lantronix, Inc provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management.
- Get a free copy of the StockNews.com research report on Lantronix (LTRX)
- Oracle’s Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin’ It: Investors Keep Visiting McDonald’s
- Did FedEx Just Deliver A Buying Opportunity?
- Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight
Receive News & Ratings for Lantronix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix and related companies with MarketBeat.com's FREE daily email newsletter.