StockNews.com Initiates Coverage on The LGL Group (NYSE:LGL)

Stock analysts at StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGLGet Free Report) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

Shares of LGL stock opened at $6.50 on Tuesday. The firm has a 50 day moving average price of $6.25 and a two-hundred day moving average price of $5.48. The LGL Group has a 12-month low of $4.15 and a 12-month high of $6.76.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its stake in shares of The LGL Group, Inc. (NYSE:LGLFree Report) by 41.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.28% of the company’s stock.

About The LGL Group

(Get Free Report)

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 offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.

Further Reading

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