LSI Industries (NASDAQ:LYTS - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.
A number of other equities research analysts also recently commented on the company. HC Wainwright raised their target price on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a report on Friday, January 24th. Canaccord Genuity Group raised their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th.
Check Out Our Latest Research Report on LSI Industries
LSI Industries Stock Performance
NASDAQ LYTS traded down $0.60 during trading hours on Friday, hitting $15.97. 134,153 shares of the stock were exchanged, compared to its average volume of 127,267. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $477.84 million, a price-to-earnings ratio of 20.74 and a beta of 0.70. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The stock has a 50-day moving average of $18.19 and a 200 day moving average of $18.62.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, equities research analysts forecast that LSI Industries will post 0.7 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its position in shares of LSI Industries by 24.0% in the third quarter. FMR LLC now owns 86,748 shares of the construction company's stock valued at $1,401,000 after purchasing an additional 16,780 shares during the last quarter. Centiva Capital LP purchased a new position in LSI Industries during the third quarter worth about $220,000. Quarry LP purchased a new stake in LSI Industries in the third quarter valued at approximately $39,000. State Street Corp increased its holdings in shares of LSI Industries by 1.1% during the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company's stock worth $9,275,000 after buying an additional 6,098 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in LSI Industries during the third quarter worth about $205,000. Institutional investors and hedge funds own 73.91% of the company's stock.
About LSI Industries
(
Get Free Report)
LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.
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