Lantronix, Inc. (NASDAQ: LTRX) stock observed trading -46.37% off 52-week high price. On the other end, the stock has been noted 48.29% away from low price over the last 52-weeks. The stock disclosed a move of 1.61% away from 50 day moving average and 5.64% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.11% off 20-day moving average. It has market cap of $79.6M .
Lantronix, Inc. (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), reported that it acquired all of the business of Maestro & FALCOM Holdings Limited (Maestro), a leading supplier of wireless IoT products, by acquiring 100% of the issued share capital of each of its operating subsidiaries, Maestro Wireless Solutions Limited and Fargo Telecom Asia Limited for $4.9 million in cash, subject to customary purchase price adjustments.
Maestro is a leader in wireless IoT with a strong focus on cellular connectivity. Maestro designs, manufactures, and sells state of the art Global Navigation Satellite System (GNSS) receivers, trackers, modems, routers, and gateways ideally suited to numerous M2M and IoT applications, including industrial automation and Supervisory Control And Data Acquisition (SCADA), energy and metering, tracking and automotive.
Xavier Dupont, Sr. Director, Mobility Solutions stated that, “We are excited to integrate our products with the Lantronix solutions. The natural synergy and common strategy to provide industrial grade cost competitive solutions with comprehensive device management capability across a unified portfolio will provide deeper penetration into key regional markets and enable the combined companies to cross-sell and provide customers a more robust offering.”
“The addition of Maestro’s product portfolio and industry-leading cellular connectivity technology is the perfect complement to the Lantronix portfolio of IoT solutions,” stated Paul Pickle, president, and CEO of Lantronix. “This acquisition allows Lantronix to offer ‘best in class’ products in wired Ethernet, Wi-Fi, LoRa/LPWAN, and now in cellular environments as well. This transaction represents Lantronix’s commitment to deliver incremental growth and shareholder value through acquisition.”
The USA based company Lantronix moved with change of -6.22% to $3.47 with the total traded volume of 124146 shares in recent session versus to an average volume of 73.72K. The stock was observed in the 5 days activity at 4.52%. The one month performance of stock was 1.76%. LTRX’s shares are at 0.29% for the quarter and driving a 24.82% return over the course of the past year and is now at 18.03% since this point in 2018. Right now the stock beta is 0.76. The average volatility for the week and month was at 6.09% and 4.39% respectively. There are 22.94M shares outstanding and 13.92M shares are floated in market.