The LGL Group (NYSE:LGL) Shares Down 0.2% – Time to Sell?

The LGL Group, Inc. (NYSE:LGL) shares dropped 0.2% during trading on Monday . The stock traded as low as $5.65 and last traded at $5.76. Approximately 11,101 shares traded hands during trading, an increase of 22% from the average daily volume of 9,064 shares. The stock had previously closed at $5.77.

The LGL Group Trading Down 0.2%

The stock has a 50-day moving average price of $5.97 and a two-hundred day moving average price of $6.56. The stock has a market cap of $31.86 million, a price-to-earnings ratio of 33.88 and a beta of 0.42.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently bought a new position in The LGL Group stock. Citadel Advisors LLC acquired a new stake in The LGL Group, Inc. (NYSE:LGL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,515 shares of the company’s stock, valued at approximately $90,000. Citadel Advisors LLC owned about 0.25% of The LGL Group as of its most recent SEC filing. 30.28% of the stock is currently owned by institutional investors.

The LGL Group Company Profile

The LGL Group, Incorporated is a diversified holding company that delivers specialized engineering and materials solutions primarily for defense, aerospace and industrial markets. Through its subsidiaries, the company provides design, integration and life-cycle support for communications, navigation and electronic warfare systems. Leveraging a team of experienced engineers and technicians, LGL offers turnkey capabilities that span from prototype development and system installation to ongoing maintenance and field upgrades.

One of the company’s core businesses focuses on defense electronics, where it supports U.S.