LTRX - Shares of Lantronix Inc. (LTRX) Rise Above Previous 52-Week High
Shares of Lantronix Inc. (NASDAQ:LTRX) traded at a new 52-week high today of $10.25. So far today approximately 133,000 shares have been exchanged, as compared to an average 30-day volume of 259,000 shares.
In the past 52 weeks, Lantronix Inc. share prices are bracketed by a low of $4.06 and a high of $10.25 and is now at $10.18, 151% above that low price.
Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines: IoT, which is the key revenue driver for the company, information technology management, and others. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute to the vast majority of total revenue.
Based on a current price of $10.18, Lantronix Inc. is currently 3.7% above its average consensus analyst price target of $9.80.
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