Lantronix Inc. (LTRX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of LTRX have risen 8.21% to $1.45 after closing the day prior at $1.34. In the first two and a half hours of trading, the stock has gone as high as $1.5 and as low as $1.37. Today’s rise has come with about 7,557 shares changing hands, compared to an average 30-day volume of 127,762 for Lantronix Inc.. The price is currently below the 30-day volume weighted average price of $1.47 for LTRX.
The share appreciation gives the company a market capitalization of $23.12 million based upon 17.25 million shares outstanding. It also means that LTRX has a price-to-book ratio of 1.17:1.
In the past 52 weeks, shares of LTRX have traded as low as $0.8 and as high as $2.14. Technical traders will take note that at $1.45, shares of LTRX are trading above their 200-day MA at $1.13 and above their 50-day MA at $1.33. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is LTRX?
Lantronix Inc is a networking company. It provides machine to machine (M2M) and Internet of Things (IoT) solutions. It also provides a broad portfolio of products intended to enhance the value of electronic devices and machines. The company’s 114 employees are led by CEO Jeffrey W. Benck from the corporate headquarters at 7535 Irvine Center Drive in Irvine, CA.
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