LSI Industries (NASDAQ:LYTS) Cut to "Buy" at StockNews.com

LSI Industries (NASDAQ:LYTS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Wednesday.

Several other equities research analysts have also recently commented on LYTS. HC Wainwright reissued a "buy" rating and issued a $30.00 target price on shares of LSI Industries in a research note on Friday, April 25th. Canaccord Genuity Group decreased their price target on LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, April 25th.

LSI Industries Price Performance

NASDAQ LYTS traded up $0.69 on Wednesday, hitting $15.95. 155,353 shares of the company were exchanged, compared to its average volume of 132,775. LSI Industries has a 1-year low of $13.63 and a 1-year high of $25.50. The firm has a 50 day moving average of $16.63 and a two-hundred day moving average of $18.53. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The company has a market cap of $477.24 million, a P/E ratio of 20.71 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $132.48 million for the quarter, compared to analyst estimates of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, equities analysts predict that LSI Industries will post 0.7 EPS for the current year.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently made changes to their positions in LYTS. Bleakley Financial Group LLC boosted its position in shares of LSI Industries by 228.8% in the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after purchasing an additional 24,096 shares during the last quarter. Barclays PLC boosted its holdings in LSI Industries by 117.1% during the third quarter. Barclays PLC now owns 69,824 shares of the construction company's stock worth $1,127,000 after buying an additional 37,660 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of LSI Industries during the 4th quarter worth about $317,000. SG Americas Securities LLC increased its stake in shares of LSI Industries by 24.1% in the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock valued at $274,000 after acquiring an additional 2,731 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of LSI Industries by 4.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock valued at $910,000 after acquiring an additional 1,876 shares during the period. Institutional investors 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.