The LGL Group (NYSEAMERICAN:LGL) Stock Crosses Above 200-Day Moving Average of $0.00

The LGL Group, Inc. (NYSEAMERICAN:LGLGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $4.36. The LGL Group shares last traded at $4.36, with a volume of 9,586 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut shares of The LGL Group from a “b” rating to a “c” rating in a research report on Friday, November 25th.

The LGL Group Trading Up 3.3 %

The firm has a market capitalization of $23.34 million, a P/E ratio of -1.15, a PEG ratio of 1.42 and a beta of 0.60.

The LGL Group (NYSEAMERICAN:LGLGet Rating) last issued its quarterly earnings results on Monday, November 14th. The industrial products company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $8.76 million during the quarter, compared to the consensus estimate of $7.70 million. The LGL Group had a negative net margin of 64.20% and a negative return on equity of 30.65%. Analysts expect that The LGL Group, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On The LGL Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in The LGL Group by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 98,970 shares of the industrial products company’s stock valued at $1,120,000 after purchasing an additional 2,618 shares during the period. Vanguard Group Inc. grew its holdings in The LGL Group by 21.4% in the third quarter. Vanguard Group Inc. now owns 93,887 shares of the industrial products company’s stock valued at $1,063,000 after purchasing an additional 16,570 shares during the period. Bard Associates Inc. purchased a new stake in The LGL Group in the second quarter valued at approximately $1,056,000. Ellsworth Advisors LLC purchased a new stake in The LGL Group in the third quarter valued at approximately $332,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in The LGL Group in the third quarter valued at approximately $121,000. 21.55% of the stock is currently owned by hedge funds and other institutional investors.

About The LGL Group

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The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company operates through two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers clock oscillators, VCXO, TCXO OCXO, and DOCXO devices; and radio frequency, microwave and millimeter wave filters, diplexers, and solid-state power amplifiers.

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