StockNews.com began coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a report issued on Friday morning. The firm issued a hold rating on the stock.
The LGL Group Stock Performance
NYSE LGL opened at $6.00 on Friday. The LGL Group has a 52 week low of $4.20 and a 52 week high of $6.76. The business’s fifty day simple moving average is $6.06 and its 200-day simple moving average is $5.63.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. boosted its stake in The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 417,786 shares of the company’s stock after buying an additional 121,403 shares during the period. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. Institutional investors and hedge funds own 30.28% of the company’s stock.
About The LGL Group
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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