The LGL Group (NYSE:LGL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of The LGL Group (NYSE:LGL) in a report issued on Wednesday morning. The firm issued a hold rating on the stock.

The LGL Group Price Performance

NYSE LGL opened at $6.55 on Wednesday. The business has a 50 day simple moving average of $6.09 and a 200 day simple moving average of $5.87. The LGL Group has a 52-week low of $4.86 and a 52-week high of $6.80.

Institutional Investors Weigh In On The LGL Group

An institutional investor recently raised its position in The LGL Group stock. Bard Associates Inc. grew its position in shares of The LGL Group, Inc. (NYSE:LGL) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group accounts for 1.1% of Bard Associates Inc.’s holdings, making the stock its 26th biggest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 at the end of the most recent quarter. 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.