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

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a research report released on Monday. The brokerage issued a hold rating on the stock.

The LGL Group Price Performance

The LGL Group stock opened at $6.84 on Monday. The LGL Group has a 12 month low of $4.86 and a 12 month high of $7.01. The business’s fifty day simple moving average is $6.51 and its two-hundred day simple moving average is $6.13.

Institutional Trading of 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 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after buying an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th largest position. Bard Associates Inc. owned about 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 30.28% of the stock is owned by institutional investors.

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.