LSI Industries (NASDAQ:LYTS) Lowered to “Buy” Rating by StockNews.com

LSI Industries (NASDAQ:LYTS) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th. HC Wainwright raised their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

LSI Industries Stock Down 2.2 %

Shares of LYTS opened at $17.19 on Friday. The firm has a market capitalization of $514.34 million, a price-to-earnings ratio of 22.32 and a beta of 1.00. LSI Industries has a 52 week low of $13.63 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The business’s fifty day moving average price is $19.29 and its two-hundred day moving average price is $18.58.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, analysts predict that LSI Industries will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On LSI Industries

Hedge funds have recently added to or reduced their stakes in the business. Systematic Financial Management LP raised its holdings in LSI Industries by 4.3% in the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock valued at $49,382,000 after acquiring an additional 103,724 shares during the period. WealthTrust Axiom LLC lifted its position in shares of 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 buying an additional 7,647 shares during the last quarter. State Street Corp boosted its stake 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 valued at $9,275,000 after purchasing an additional 6,098 shares in the last quarter. G2 Investment Partners Management LLC lifted 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 acquiring an additional 5,470 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of LSI Industries by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock valued at $6,481,000 after buying an additional 3,000 shares during the period. 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.