The LGL Group (NYSE:LGL) Trading 0.9% Higher – What’s Next?

Shares of The LGL Group, Inc. (NYSE:LGL) were up 0.9% on Wednesday . The stock traded as high as $6.05 and last traded at $5.85. Approximately 6,232 shares changed hands during trading, a decline of 32% from the average daily volume of 9,117 shares. The stock had previously closed at $5.80.

The LGL Group Stock Performance

The company’s fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $6.76. The company has a market capitalization of $31.55 million, a price-to-earnings ratio of 146.25 and a beta of 0.38.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Osaic Holdings Inc. grew its position in shares of The LGL Group, Inc. (NYSE:LGL) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,250 shares of the company’s stock after buying an additional 2,710 shares during the period. Osaic Holdings Inc. owned about 0.38% of The LGL Group worth $154,000 as of its most recent SEC filing. 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.