LSI Industries (NASDAQ:LYTS) Upgraded at Wall Street Zen

LSI Industries (NASDAQ:LYTS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

LYTS has been the topic of several other research reports. Canaccord Genuity Group lowered 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. HC Wainwright reaffirmed a "buy" rating and set a $30.00 price objective on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries Stock Up 1.1%

NASDAQ LYTS traded up $0.18 during trading on Friday, hitting $16.26. 133,017 shares of the company traded hands, compared to its average volume of 132,750. LSI Industries has a 12 month low of $13.63 and a 12 month high of $25.50. The business has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $18.21. 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 capitalization of $486.52 million, a P/E ratio of 21.12 and a beta of 0.27.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The business had revenue of $132.48 million for the quarter, compared to analyst estimates of $129.72 million. As a group, sell-side analysts predict that LSI Industries will post 0.7 EPS for the current year.

Institutional Trading of LSI Industries

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock worth $703,000 after buying an additional 858 shares during the period. Anderson Financial Strategies LLC grew its stake in shares of LSI Industries by 20.0% in the first quarter. Anderson Financial Strategies LLC now owns 79,014 shares of the construction company's stock worth $1,342,000 after acquiring an additional 13,160 shares during the last quarter. Strs Ohio bought a new position in LSI Industries during the first quarter worth $34,000. Jane Street Group LLC acquired a new position in LSI Industries during the 1st quarter valued at $560,000. Finally, Ascent Group LLC acquired a new position in LSI Industries during the 1st quarter valued at $189,000. 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.

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