Lantronix (NASDAQ:LTRX) Share Price Passes Above 200 Day Moving Average – What’s Next?

Lantronix, Inc. (NASDAQ:LTRX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.23 and traded as high as $6.17. Lantronix shares last traded at $5.99, with a volume of 295,289 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on LTRX shares. Lake Street Capital increased their price target on shares of Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 target price on shares of Lantronix in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a report on Thursday, January 22nd. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC raised their price objective on Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lantronix currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

Lantronix Stock Performance

The stock has a market capitalization of $237.74 million, a P/E ratio of -24.96 and a beta of 1.51. The company’s fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $5.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $29.77 million for the quarter, compared to analyst estimates of $29.94 million. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities analysts forecast that Lantronix, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently bought and sold shares of the business. Bailard Inc. bought a new stake in Lantronix in the 3rd quarter valued at about $49,000. R Squared Ltd increased its holdings in shares of Lantronix by 24.3% during the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after purchasing an additional 2,754 shares during the period. Invesco Ltd. acquired a new stake in shares of Lantronix in the fourth quarter valued at approximately $68,000. Bridgeway Capital Management LLC acquired a new stake in shares of Lantronix in the third quarter valued at approximately $85,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Lantronix in the fourth quarter valued at approximately $86,000. 39.38% of the stock is owned by institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.