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

Investment analysts at StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

The LGL Group Stock Performance

NYSE LGL opened at $6.24 on Wednesday. The company has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $5.61. The LGL Group has a 52 week low of $4.20 and a 52 week high of $6.76.

The LGL Group (NYSE:LGL) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $0.53 million during the quarter. The LGL Group had a return on equity of 1.05% and a net margin of 14.07%.

Hedge Funds Weigh In On The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its position in shares of The LGL Group, Inc. (NYSE:LGL) by 41.0% during the 4th quarter, according to the company in 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 quarter. Bard Associates Inc. owned 7.81% of The LGL Group worth $2,565,000 as of its most recent filing with the SEC. Institutional investors own 30.28% of the company’s stock.

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.