The LGL Group (NYSE:LGL) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Up 0.8 %

NYSE LGL opened at $5.92 on Tuesday. The LGL Group has a 1-year low of $4.42 and a 1-year high of $6.76. The business’s 50-day simple moving average is $5.95 and its 200-day simple moving average is $5.60.

The LGL Group (NYSE:LGL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter. The LGL Group had a net margin of 14.07% and a return on equity of 1.05%. The firm had revenue of $0.53 million for the quarter.

Institutional Trading of The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group comprises 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 30.28% 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 time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.