StockNews.com started coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research report released on Friday. The brokerage issued a hold rating on the stock.
The LGL Group Price Performance
Shares of NYSE LGL opened at $5.76 on Friday. The stock’s 50 day simple moving average is $5.83 and its 200 day simple moving average is $5.58. The LGL Group has a 12-month low of $4.42 and a 12-month high of $6.76.
The LGL Group (NYSE:LGL – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter. The LGL Group had a return on equity of 1.05% and a net margin of 14.07%. The firm had revenue of $0.53 million for the quarter.
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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