LSI Industries (NASDAQ:LYTS) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

LSI Industries Trading Down 1.8%

The firm has a 50-day moving average of $16.46 and a two-hundred day moving average of $17.68. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $529.00 million, a P/E ratio of 24.56 and a beta of 0.28.

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

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Monday, May 5th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. LSI Industries's dividend payout ratio is currently 27.78%.

Institutional Investors Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC grew its position in LSI Industries by 4.7% during the 2nd quarter. Annex Advisory Services LLC now owns 145,655 shares of the construction company's stock worth $2,478,000 after acquiring an additional 6,528 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of LSI Industries by 26.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 93,889 shares of the construction company's stock valued at $1,597,000 after buying an additional 19,356 shares during the last quarter. Rhumbline Advisers grew its position in shares of LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after buying an additional 858 shares during the last quarter. Anderson Financial Strategies LLC grew its position in shares of LSI Industries by 20.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 79,014 shares of the construction company's stock valued at $1,342,000 after buying an additional 13,160 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of LSI Industries in the 1st quarter valued at about $34,000. Institutional investors own 73.91% of the company's stock.

About LSI Industries

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.