LGL Group (NYSEAMERICAN:LGL) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

LGL Group, Inc. (The) (NYSEAMERICAN:LGLGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.61 and traded as high as $7.23. LGL Group shares last traded at $6.80, with a volume of 11,761 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, LGL Group presently has a consensus rating of “Hold”.

Read Our Latest Analysis on LGL

LGL Group Stock Performance

The business’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $6.61. The stock has a market capitalization of $44.47 million, a P/E ratio of 680.68 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGLGet Free Report) last posted its earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a return on equity of 0.16% and a net margin of 1.66%.The business had revenue of $0.80 million during the quarter, compared to the consensus estimate of $9.10 million. As a group, analysts forecast that LGL Group, Inc. will post 0.06 earnings per share for the current year.

Institutional Trading of LGL Group

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of LGL Group by 15.5% during the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 2,710 shares during the period. Renaissance Technologies LLC boosted its stake in shares of LGL Group by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 5,773 shares during the period. Citadel Advisors LLC purchased a new position in shares of LGL Group during the 3rd quarter worth about $90,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of LGL Group by 2.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock worth $4,662,000 after purchasing an additional 18,305 shares during the period. 30.28% of the stock is currently owned by institutional investors.

LGL Group Company Profile

(Get Free Report)

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.

See Also

Receive News & Ratings for LGL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGL Group and related companies with MarketBeat.com's FREE daily email newsletter.