The LGL Group (NYSE:LGL) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Saturday. The firm issued a hold rating on the stock.

The LGL Group Stock Performance

Shares of NYSE LGL opened at $5.37 on Friday. The LGL Group has a 1 year low of $4.20 and a 1 year high of $6.76. The firm’s 50 day moving average price is $5.30 and its 200 day moving average price is $5.79.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the quarter. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. 30.28% of the stock is currently owned by institutional investors and hedge funds.

About The LGL Group

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.