Lantronix, Inc.’s (NASDAQ:LTRX) Price Is Right But Growth Is Lacking After Shares Rocket 31%
Despite an already strong run, Lantronix, Inc. (NASDAQ:LTRX) shares have been powering on, with a gain of 31% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 18% in the last twelve months.
Even after such a large jump in price, Lantronix may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.8x, considering almost half of all companies in the Communications industry in the United States have P/S ratios greater than 2.2x and even P/S higher than 5x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
