LGL Group (NYSEAMERICAN:LGL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

LGL Group Trading Up 1.2%

The company has a market cap of $45.85 million, a price-to-earnings ratio of 701.70 and a beta of 0.31. The company has a fifty day moving average price of $7.09 and a two-hundred day moving average price of $6.62.

LGL Group (NYSEAMERICAN:LGL) last issued its earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.09). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The business had revenue of $0.80 million for the quarter, compared to analyst estimates of $9.10 million. Sell-side analysts anticipate that LGL Group, Inc. will post 0.06 EPS for the current fiscal year.

Institutional Trading of LGL Group

Several institutional investors have recently made changes to their positions in LGL. Osaic Holdings Inc. boosted its stake in LGL Group by 15.5% in the second 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 in the last quarter. Citadel Advisors LLC acquired a new position in LGL Group in the third quarter worth $90,000. Gamco Investors INC. ET AL lifted its position in shares of LGL Group by 2.8% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of LGL Group by 3.6% during the first 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 in the last quarter. 30.28% of the stock is currently owned by institutional investors and hedge funds.

LGL Group Company Profile

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.