Lantronix (NASDAQ:LTRX) issued its quarterly earnings results on Tuesday. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03), Morningstar.com reports. The company had revenue of $10.15 million during the quarter. Lantronix had a return on equity of 8.19% and a net margin of 3.70%. Lantronix updated its Q1 2020 guidance to $-0.03-0.00 EPS and its FY 2020 guidance to $0.21 EPS.
NASDAQ:LTRX traded down $0.37 during trading hours on Wednesday, hitting $3.42. 23 shares of the stock were exchanged, compared to its average volume of 54,682. Lantronix has a 52-week low of $2.34 and a 52-week high of $5.94. The firm’s fifty day moving average price is $3.47 and its 200 day moving average price is $3.32. The company has a market cap of $82.43 million, a P/E ratio of 28.23 and a beta of 0.79.
Institutional investors have recently made changes to their positions in the business. River & Mercantile Asset Management LLP acquired a new stake in shares of Lantronix during the 2nd quarter worth approximately $1,599,000. Cadence Capital Management LLC lifted its holdings in Lantronix by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 477,348 shares of the technology company’s stock worth $1,442,000 after buying an additional 8,404 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Lantronix by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock worth $727,000 after buying an additional 44,894 shares in the last quarter. BlackRock Inc. lifted its holdings in Lantronix by 6.3% during the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock worth $465,000 after buying an additional 8,238 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Lantronix in the 2nd quarter valued at approximately $266,000. 19.77% of the stock is owned by institutional investors and hedge funds.
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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