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

StockNews.com initiated coverage on shares of The LGL Group (NYSE:LGL) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

The LGL Group Trading Up 4.9 %

LGL opened at $6.04 on Wednesday. The LGL Group has a 52-week low of $4.20 and a 52-week high of $6.76. The company has a 50 day moving average of $5.74 and a two-hundred day moving average of $5.61.

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

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 fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 417,786 shares of the company’s stock after purchasing an additional 121,403 shares during the period. Bard Associates Inc. owned approximately 7.81% of The LGL Group worth $2,565,000 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

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.