Lantronix, Inc. (LTRX) Reaches $2.76 After 4.00% Up Move; Last Week New York REIT, Inc. (NYRT) Coverage

May 18, 2018 - By Stephen Andrade

Lantronix, Inc. (NASDAQ:LTRX) Logo

The stock of Lantronix, Inc. (NASDAQ:LTRX) is a huge mover today! The stock increased 3.37% or $0.09 during the last trading session, reaching $2.76. About 55,605 shares traded or 83.07% up from the average. Lantronix, Inc. (NASDAQ:LTRX) has declined 30.19% since May 18, 2017 and is downtrending. It has underperformed by 41.74% the S&P500.The move comes after 7 months positive chart setup for the $50.36M company. It was reported on May, 18 by Barchart.com. We have $2.87 PT which if reached, will make NASDAQ:LTRX worth $2.01M more.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 10 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Friday, December 1. The stock of New York REIT, Inc. (NYSE:NYRT) has “Hold” rating given on Wednesday, January 31 by SunTrust. Compass Point initiated New York REIT, Inc. (NYSE:NYRT) rating on Thursday, June 30. Compass Point has “Buy” rating and $12 target. The firm has “Buy” rating by Evercore given on Monday, November 16. The stock has “Buy” rating by Compass Point on Friday, October 30. SunTrust maintained it with “Hold” rating and $26.0 target in Sunday, March 18 report. SunTrust maintained the shares of NYRT in report on Friday, November 3 with “Hold” rating. JMP Securities upgraded it to “Mkt Outperform” rating and $12.50 target in Friday, October 9 report. See New York REIT, Inc. (NYSE:NYRT) latest ratings:

18/03/2018 Broker: SunTrust Rating: Hold New Target: $26.0 Maintain
31/01/2018 Broker: SunTrust Rating: Hold New Target: $3.0 Maintain
01/12/2017 Broker: SunTrust Rating: Hold New Target: $6.5 Maintain

More important recent Lantronix, Inc. (NASDAQ:LTRX) news were published by: Benzinga.com which released: “Lantronix Q3 Earnings Preview” on April 26, 2018, also Globenewswire.com published article titled: “Lantronix to Participate in Ingram Micro Cloud Summit”, Seekingalpha.com published: “Lantronix’s (LTRX) CEO Jeff Benck on Q3 2018 Results – Earnings Call Transcript” on April 27, 2018. More interesting news about Lantronix, Inc. (NASDAQ:LTRX) was released by: Nasdaq.com and their article: “Lantronix Reports Third Quarter Fiscal 2018, Net Revenue of $11.6 Million” with publication date: April 26, 2018.

Lantronix, Inc. provides secure data access and management solutions for Internet of Things assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company has market cap of $50.36 million. The companyÂ’s IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access. It currently has negative earnings. It also offers information technology (IT) management products, which comprise console management, power management, and keyboard video mouse products that offer remote access to IT and networking infrastructure deployed in test labs, data centers, and server rooms; and xPrintServer.

Since May 7, 2018, it had 0 insider buys, and 2 selling transactions for $76,758 activity. Miller Daryl R sold $49,438 worth of stock.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.02, from 0.71 in 2017Q3. It increased, as 3 investors sold Lantronix, Inc. shares while 8 reduced holdings. 5 funds opened positions while 3 raised stakes. 2.75 million shares or 7.38% less from 2.97 million shares in 2017Q3 were reported. California Employees Retirement Systems accumulated 58,633 shares or 0% of the stock. Northern Trust has 0% invested in Lantronix, Inc. (NASDAQ:LTRX). Tower Rech Ltd Limited Liability Company (Trc) accumulated 392 shares or 0% of the stock. Roanoke Asset Mgmt Corporation Ny invested in 105,000 shares. Herald Invest Management Limited owns 706,425 shares. Acadian Asset Mgmt Limited Liability Corporation invested in 8,094 shares. Royal Bankshares Of Canada has 0% invested in Lantronix, Inc. (NASDAQ:LTRX). Art Advsr Ltd Com reported 0% of its portfolio in Lantronix, Inc. (NASDAQ:LTRX). Panagora Asset Management Inc reported 44,695 shares stake. Essex Mgmt Com Ltd Com has invested 0.04% in Lantronix, Inc. (NASDAQ:LTRX). Virtu Ltd Liability holds 0% of its portfolio in Lantronix, Inc. (NASDAQ:LTRX) for 10,848 shares. Geode Capital Mngmt Limited Liability Corp reported 11,642 shares. Spark Mngmt Ltd Liability Corp reported 22,500 shares or 0% of all its holdings. Vanguard Gp accumulated 321,722 shares or 0% of the stock. Macquarie Ltd holds 0% or 18,692 shares.

The stock 0.02% or $0 during the last trading session, reaching $17.75. It is down 23.37% since May 18, 2017 and is downtrending. It has underperformed by 34.92% the S&P500.

More news for New York REIT, Inc. (NYSE:NYRT) were recently published by: Seekingalpha.com, which released: “Brookfield Property buys low” on April 23, 2018. Prnewswire.com‘s article titled: “New York REIT, Inc. Declares a $4.85 Per Share Cash Liquidating Distribution” and published on May 01, 2018 is yet another important article.

Lantronix, Inc. (NASDAQ:LTRX) Institutional Positions Chart

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