From MarketBeat:



Lantronix stock, traded on NASDAQ, was upgraded to a “strong-buy” rating by StockNews.com on Thursday. Several other analysts have also given the company a “buy” or “strong-buy” rating. The company’s stock has been performing well, with a 50-day simple moving average of $5.08. Lantronix last reported quarterly earnings results on November 8th, showing a negative return on equity and negative net margin. Despite this, analysts anticipate positive earnings per share for the current year. Institutional investors have been making changes to their positions in the stock, with UBS Group AG, Royal Bank of Canada, Qube Research & Technologies Ltd, Citigroup Inc., and Cubist Systematic Strategies LLC all increasing their holdings. Lantronix provides solutions for video surveillance, infotainment systems, and intelligent infrastructure in various regions. The company’s IoT products include system solutions, embedded IoT modules, and software and engineering services. This article was generated using financial data from MarketBeat and was reviewed by MarketBeat’s editorial team prior to publication. MarketBeat also offers a report on the top five stocks recommended by top-rated analysts, as well as a free report on 10 simple stocks for beginning investors.



Original: Lantronix (NASDAQ:LTRX) Stock Rating Upgraded by StockNews.com