LSI Industries (NASDAQ:LYTS) Downgraded to Buy Rating by StockNews.com

LSI Industries (NASDAQ:LYTS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

LYTS has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 24th. HC Wainwright lifted their price objective on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

LSI Industries Trading Down 2.2 %

Shares of LYTS stock opened at $17.19 on Friday. The firm’s 50-day simple moving average is $19.29 and its 200-day simple moving average is $18.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries has a 1-year low of $13.63 and a 1-year high of $25.50. The firm has a market cap of $514.34 million, a P/E ratio of 22.32 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share 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 analysts forecast that LSI Industries will post 0.7 EPS for the current year.

Institutional Trading of LSI Industries

Several large investors have recently bought and sold shares of the company. Systematic Financial Management LP increased its stake in shares of LSI Industries by 4.3% in the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after buying an additional 103,724 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in LSI Industries by 1.1% during the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company’s stock worth $13,530,000 after acquiring an additional 7,647 shares in the last quarter. State Street Corp increased its position in shares of LSI Industries by 1.1% in the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company’s stock worth $9,275,000 after purchasing an additional 6,098 shares during the last quarter. G2 Investment Partners Management LLC raised its stake in shares of LSI Industries by 1.4% in the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 5,470 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of LSI Industries by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock worth $6,481,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Company Profile

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.