Investment analysts at StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.
The LGL Group Trading Up 1.4 %
LGL opened at $5.94 on Thursday. The LGL Group has a 1-year low of $4.25 and a 1-year high of $6.76. The company has a 50 day simple moving average of $5.76 and a two-hundred day simple moving average of $5.60.
The LGL Group (NYSE:LGL – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter. The business had revenue of $0.53 million for the quarter. The LGL Group had a return on equity of 1.05% and a net margin of 14.07%.
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.
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