The LGL Group (NYSE:LGL) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of The LGL Group (NYSE:LGL) in a research note released on Friday. The firm issued a hold rating on the stock.

The LGL Group Stock Down 2.9 %

Shares of NYSE LGL opened at $6.60 on Friday. The LGL Group has a twelve month low of $4.86 and a twelve month high of $6.99. The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $5.98.

Institutional Trading of The LGL Group

A hedge fund recently raised its stake in The LGL Group stock. Bard Associates Inc. grew its stake in The LGL Group, Inc. (NYSE:LGL) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 531,602 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. The LGL Group comprises about 1.1% of Bard Associates Inc.’s portfolio, making the stock its 26th biggest position. Bard Associates Inc. owned approximately 9.90% of The LGL Group worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission. 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.