LGL Group (NYSEAMERICAN:LGL) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of LGL Group, Inc. (The) (NYSEAMERICAN:LGL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.72 and traded as high as $7.05. LGL Group shares last traded at $6.89, with a volume of 16,506 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised LGL Group to a “hold” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

LGL Group Price Performance

The firm has a market capitalization of $45.19 million, a PE ratio of 691.69 and a beta of 0.31. The firm has a fifty day moving average price of $7.05 and a 200 day moving average price of $6.73.

LGL Group (NYSEAMERICAN:LGL) last announced its earnings results on Monday, March 30th. The industrial products company reported ($0.02) EPS 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 company had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. On average, sell-side analysts expect that LGL Group, Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On LGL Group

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in LGL Group by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after acquiring an additional 5,773 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in LGL Group by 2.8% in 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 acquiring an additional 18,305 shares in the last quarter. Citadel Advisors LLC purchased a new stake in LGL Group in the 3rd quarter worth about $90,000. Finally, Osaic Holdings Inc. lifted its stake in LGL Group by 15.5% in the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 2,710 shares in the last quarter. 30.28% of the stock is owned by hedge funds and other institutional investors.

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.