The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Wednesday. The brokerage issued a hold rating on the stock.

The LGL Group Stock Down 0.1 %

The LGL Group stock opened at $5.50 on Wednesday. The company has a 50 day moving average price of $5.33 and a 200-day moving average price of $5.73. The LGL Group has a fifty-two week low of $4.20 and a fifty-two week high of $6.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. lifted its holdings in The LGL Group, Inc. (NYSE:LGL) by 41.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the period. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 at the end of the most recent quarter. 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.