Penbrook Management Lowers stake in Lantronix Inc (LTRX)

Lantronix Inc (LTRX) : Penbrook Management reduced its stake in Lantronix Inc by 13.07% during the most recent quarter end. The investment management company now holds a total of 79,839 shares of Lantronix Inc which is valued at $80,637 after selling 12,000 shares in Lantronix Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Lantronix Inc makes up approximately 0.09% of Penbrook Management’s portfolio.

Lantronix Inc closed down -0.03 points or -2.70% at $1.08 with 6,296 shares getting traded on Wednesday. Post opening the session at $1.08, the shares hit an intraday low of $1.01 and an intraday high of $1.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Lantronix Inc. designs develops markets and sells networking and communications products with a focus on the convergence of mobility with machine-to-machine systems. It provides solutions that enable machines devices and sensors to be securely accessed managed and controlled. The Company’s solutions are designed for its customers to participate in the Internet of Things market. The Company’s products are typically used by enterprise and commercial businesses government institutions telecommunication and utility companies financial institutions and individual consumers. The Company conducts its business globally and manages its sales teams by geography according to four regions: the Americas; Europe Middle East and Africa; Asia Pacific and Japan. The Company has organized its solutions into two product lines based on how they are marketed sold and deployed: OEM Modules and Enterprise Solutions.

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