StockNews.com started coverage on shares of The LGL Group (NYSE:LGL – Get Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.
The LGL Group Stock Performance
LGL opened at $6.00 on Friday. The LGL Group has a 1 year low of $4.20 and a 1 year high of $6.76. The stock’s 50 day simple moving average is $6.06 and its 200-day simple moving average is $5.62.
Institutional Trading of The LGL Group
An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. raised its stake in The LGL Group, Inc. (NYSE:LGL – Free Report) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417,786 shares of the company’s stock after acquiring an additional 121,403 shares during the period. Bard Associates Inc. owned about 7.81% of The LGL Group worth $2,565,000 as of its most recent SEC filing. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
The LGL Group Company Profile
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.
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