February 23, 2017

Morning Buzz: Tronox Limited (NYSE:TROX), Lantronix, Inc. (NASDAQ:LTRX)

At the movement Tronox Limited (NYSE:TROX) is under coverage by number of analysts. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.50 on scale of 1-5. Analysts mean target price for Tronox Limited (NYSE:TROX) is $12.00 while their mean recommendation is 3.00 (1=Buy, 5=sell).

If we look at stock performance in last active day trading, we see that stock has moved down -0.92% to end the day at $19.29. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company. The current share price indicate that stock is -2.53% away from its one year high and is moving 545.15% ahead of its 52-week low.

Tronox Limited (NYSE:TROX) reported fourth-quarter net income of $122 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Kwinana Beach, Australia-based company said it had profit of $1. Losses, adjusted for pretax gains and restructuring gains, were 14 cents per share. The producer of titanium ore and titanium dioxide posted revenue of $548 million in the period. For the year, the company reported that its loss narrowed to $59 million, or 50 cents per share. Revenue was reported as $2.1 million. Tronox shares have risen 40 percent since the beginning of the year. The stock has more than quadrupled in the last 12 months.

On 22 February 2017, Lantronix, Inc. (NASDAQ:LTRX) shares moved to $2.48 after starting the day at $2.40. Number of analysts are covering this stock and currently stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, no analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for LTRX is $2.50 while analysts mean recommendation is 2.00.

Lantronix, Inc. (NASDAQ:LTRX) announced that Shahram Mehraban has been appointed as vice president of marketing, effective February 27, 2017. “We believe that Shahram’s more than 20 years of global marketing experience in the networking and communications industry will make him a key contributor in expanding our marketing efforts, especially as we pursue our goal of moving up the IoT value chain,” said Jeffrey Benck, Lantronix president and CEO. “We are excited and pleased to have someone with Shahram’s experience, skills, and industry relationships joining the Lantronix team.” Most recently, Mehraban served as marketing director and chief of staff of the industrial and energy solutions division of Intel’s IoT Group, where he played a key role in expanding the company’s industry visibility in key IoT verticals, and served as part of the IoT executive team that delivered innovative end to end solutions for the Industrial IoT market. During his 17 year tenure at Intel, Mehraban served in various business development, product and strategic marketing, and general management roles. Prior to joining Intel, he served in various marketing leadership roles at Trillium Digital Systems (acquired by Intel), Nokia, Glenayre Technologies, and Motorola. Mehraban earned a Bachelor of Science degree from the University of British Columbia and an MBA from Gustavson School of Business at University of Victoria.

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