Lantronix (NASDAQ:LTRX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Lantronix, Inc. (NASDAQ:LTRX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.63 and traded as high as $6.03. Lantronix shares last traded at $6.00, with a volume of 507,597 shares traded.

Analyst Ratings Changes

LTRX has been the topic of several recent research reports. Wall Street Zen raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Needham & Company LLC lifted their price objective on shares of Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Lantronix in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lantronix has an average rating of “Moderate Buy” and an average price target of $7.38.

Lantronix Price Performance

The company’s 50 day moving average price is $5.80 and its 200-day moving average price is $5.63. The company has a market cap of $238.15 million, a price-to-earnings ratio of -25.00 and a beta of 1.58. 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 released its earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $29.77 million for the quarter, compared to the consensus estimate of $29.94 million. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. On average, equities research analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Lantronix

In other news, insider Mathi Gurusamy sold 14,467 shares of Lantronix stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider directly owned 55,569 shares of the company’s stock, valued at $345,083.49. This trade represents a 20.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. R Squared Ltd increased its position in shares of Lantronix by 24.3% in the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after acquiring an additional 2,754 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Lantronix by 52.7% in the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after acquiring an additional 6,654 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Lantronix by 79.1% in the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock worth $123,000 after acquiring an additional 9,256 shares in the last quarter. Bailard Inc. purchased a new position in Lantronix during the third quarter valued at approximately $49,000. Finally, Invesco Ltd. purchased a new position in Lantronix during the fourth quarter valued at approximately $68,000. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Lantronix

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.