Today it was reported that a Director at Lantronix (NASDAQ: LTRX), Hoshi Printer, exercised options to buy 23,750 LTRX shares at $1.39 a share, for a total transaction value of $33.01K. The options were close to expired and Hoshi Printer retained stocks.
This recent transaction increases Hoshi Printer’s holding in the company by 56.43% to a total of $268.6K. Following Hoshi Printer’s last LTRX Buy transaction on September 06, 2017, the stock climbed by 2.1%.
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Based on Lantronix’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $12.04 million and quarterly net profit of $752K. In comparison, last year the company earned revenue of $11.04 million and had a GAAP net loss of $52K. LTRX’s market cap is $77.15M and the company has a P/E ratio of 136.00. Currently, Lantronix has an average volume of 194.6K.
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Lantronix, Inc. engages in the provision of secure data access and management solutions for internet of things. It operates through the following product lines: Internet of Things (loT), Information Technology Management, and Other. The Internet of Things (loT) provides network connectivity, and is designed to enhance the value and utility of machines.
