Lantronix, Inc. (NASDAQ:LTRX) posted its quarterly earnings data on Thursday. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, reports. The company had revenue of $10.61 million during the quarter. Lantronix had a negative net margin of 0.62% and a positive return on equity of 2.55%.
Lantronix (LTRX) traded down 7.08% during trading on Friday, reaching $1.97. 244,050 shares of the company’s stock were exchanged. Lantronix has a 1-year low of $1.33 and a 1-year high of $4.09. The company’s 50-day moving average is $2.12 and its 200-day moving average is $2.37. The company’s market capitalization is $35.14 million.
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A hedge fund recently raised its stake in Lantronix stock. Vanguard Group Inc. increased its position in Lantronix, Inc. (NASDAQ:LTRX) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 420,526 shares of the technology company’s stock after acquiring an additional 53,211 shares during the quarter. Vanguard Group Inc. owned about 2.39% of Lantronix worth $1,026,000 at the end of the most recent quarter. 17.50% of the stock is currently owned by institutional investors.
Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.
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