LGL Group Inc(NYSEMKT:LGL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.08.
Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Mario J Gabelli (10% owner) purchased 1,100 shares at $5.24 per share price.
The LGL Group Inc. is a holding company. The Company through its subsidiaries engaged in the manufacturing and marketing of electronic components used to control the frequency or timing of signals in electronic circuits. The Company operates through its principal subsidiary M-tron Industries Inc. which includes the operations of M-tron Industries Ltd. (Mtron) and Piezo Technology Inc. (PTI) (collectively MtronPTI). MtronPTI designs markets and manufactures frequency and spectrum control products. These component-level devices are used in infrastructure equipment for the telecommunications and network equipment industries as well as in electronic systems for applications in defense aerospace earth-orbiting satellites down-hole drilling medical devices instrumentation industrial devices and global positioning systems.