Lantronix (LTRX, Financial) experienced a significant stock movement, with its price rising by 5.06% to $4.26 per share. The trading volume reached 237,825 shares, with a turnover rate of 0.62% and a price fluctuation of 5.55%.
Recent financial reports indicate that Lantronix generated $34.42 million in revenue, with a net loss of $2.50 million, resulting in an earnings per share of -$0.07. The company's gross profit stood at $13.00 million, and it has a price-to-earnings ratio of -30.39.
Among the five institutions that rated the stock, all recommended buying, with none suggesting holding or selling. Lantronix operates in the communications industry, which saw an overall increase of 1.82%.
Within the sector, notable gainers included Avaya Networks, Amplitech Group Inc., and Cambium Networks Corporation. Active stocks in the sector were Avaya Networks, Siyata Mobile, Inc., and Ceragon Networks, with turnover rates of 6.11%, 5.68%, and 4.81%, respectively. Stocks with significant price fluctuations included Amplitech Group Inc., Cambium Networks Corporation, and Siyata Mobile Inc., with amplitudes of 17.41%, 14.78%, and 14.67%.
Lantronix specializes in providing secure data access and management solutions for IoT and IT assets. Its main revenue driver is embedded IoT solutions, serving diverse markets such as healthcare, industrial, security, energy, transportation, and government networks. The company's primary geographical markets include the Americas, Europe, the Middle East, Africa, and Japan, with most revenue coming from the Americas.
