The LGL Group, Inc. (NYSEAMERICAN:LGL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.54 and traded as high as $4.99. The LGL Group shares last traded at $4.99, with a volume of 1,906 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of The LGL Group in a research report on Saturday, August 5th. They set a “hold” rating on the stock.
Read Our Latest Report on The LGL Group
The LGL Group Price Performance
The LGL Group (NYSEAMERICAN:LGL – Get Free Report) last issued its quarterly earnings data on Friday, June 16th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $0.44 million for the quarter, compared to the consensus estimate of $0.60 million. The LGL Group had a negative return on equity of 30.65% and a negative net margin of 64.20%. As a group, research analysts forecast that The LGL Group, Inc. will post 0.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in The LGL Group by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 98,970 shares of the industrial products company’s stock valued at $1,120,000 after acquiring an additional 2,618 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of The LGL Group by 60.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 13,269 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 5,000 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in The LGL Group in the 2nd quarter worth approximately $71,000. Vanguard Group Inc. lifted its holdings in The LGL Group by 21.4% during the 3rd quarter. Vanguard Group Inc. now owns 93,887 shares of the industrial products company’s stock worth $1,063,000 after buying an additional 16,570 shares in the last quarter. Finally, Bard Associates Inc. boosted its position in The LGL Group by 17.4% in the 4th quarter. Bard Associates Inc. now owns 273,598 shares of the industrial products company’s stock valued at $1,108,000 after buying an additional 40,525 shares during the last quarter. Institutional investors and hedge funds own 21.55% of the company’s stock.
The LGL Group Company Profile
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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