LSI Industries (NASDAQ:LYTS) Share Price Crosses Above 200-Day Moving Average - Here's Why

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.69 and traded as high as $17.95. LSI Industries shares last traded at $17.62, with a volume of 91,018 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on LYTS shares. Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Canaccord Genuity Group dropped their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, HC Wainwright restated a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a research note on Friday, April 25th.

LSI Industries Stock Down 1.3%

The firm has a market cap of $527.21 million, a price-to-earnings ratio of 24.47 and a beta of 0.28. The firm's fifty day moving average is $16.30 and its two-hundred day moving average is $17.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.25.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a net margin of 4.00% and a return on equity of 10.24%. The company had revenue of $132.48 million during the quarter, compared to the consensus estimate of $129.72 million. On average, sell-side analysts expect that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Monday, May 5th. LSI Industries's dividend payout ratio is presently 27.78%.

Hedge Funds Weigh In On LSI Industries

Large investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in LSI Industries in the first quarter worth approximately $34,000. Russell Investments Group Ltd. increased its holdings in LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock worth $41,000 after buying an additional 1,888 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in LSI Industries in the fourth quarter worth approximately $46,000. Quantbot Technologies LP increased its holdings in LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after buying an additional 3,218 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in LSI Industries in the fourth quarter worth approximately $82,000. 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.

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