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

StockNews.com started coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Tuesday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

Shares of NYSE:LGL opened at $6.95 on Tuesday. The firm has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $6.36. The LGL Group has a one year low of $4.86 and a one year high of $7.28.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. raised its position in The LGL Group, Inc. (NYSE:LGL) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 539,700 shares of the company’s stock after acquiring an additional 8,098 shares during the period. The LGL Group makes up about 1.1% of Bard Associates Inc.’s holdings, making the stock its 27th largest position. Bard Associates Inc. owned 10.04% of The LGL Group worth $3,222,000 at the end of the most recent reporting period. 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.