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

Posted by Stacy Sanders on Nov 15th, 2024

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL – Free Report) in a research report report published on Tuesday morning. The firm issued a hold rating on the stock.

The LGL Group Stock Up 2.7 %

LGL stock opened at $6.08 on Tuesday. The business has a 50 day moving average of $5.95 and a 200 day moving average of $5.60. The LGL Group has a twelve month low of $4.50 and a twelve month high of $6.76.

The LGL Group (NYSE:LGL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $0.53 million during the quarter. The LGL Group had a return on equity of 0.96% and a net margin of 11.96%.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. increased its holdings in shares of The LGL Group, Inc. (NYSE:LGL – Free Report) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 531,602 shares of the company’s stock after purchasing an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest holding. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.28% of the company’s stock.

The LGL Group Company Profile

(Get Free Report)

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.