LSI Industries (NASDAQ:LYTS) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of LSI Industries (NASDAQ:LYTS) from a buy rating to a strong-buy rating in a report released on Friday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of LSI Industries from a hold rating to a strong sell rating in a research report on Thursday, July 25th.

Shares of LYTS opened at $4.96 on Friday. The company’s 50 day moving average price is $4.33 and its 200 day moving average price is $3.65. LSI Industries has a 52 week low of $2.48 and a 52 week high of $5.11. The company has a market capitalization of $131.02 million, a PE ratio of 124.00, a PEG ratio of 0.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.69 and a current ratio of 2.78.



The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, September 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, August 30th. LSI Industries’s dividend payout ratio is 500.00%.

Hedge funds have recently bought and sold shares of the business. WealthTrust Axiom LLC grew its position in LSI Industries by 1.0% in the second quarter. WealthTrust Axiom LLC now owns 933,665 shares of the construction company’s stock worth $3,407,000 after acquiring an additional 8,954 shares in the last quarter. Alambic Investment Management L.P. grew its position in LSI Industries by 68.7% in the first quarter. Alambic Investment Management L.P. now owns 114,008 shares of the construction company’s stock worth $300,000 after acquiring an additional 46,426 shares in the last quarter. Kennedy Capital Management Inc. grew its position in LSI Industries by 1.9% in the first quarter. Kennedy Capital Management Inc. now owns 779,227 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 14,861 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new stake in LSI Industries in the first quarter worth approximately $28,000. Finally, North Star Investment Management Corp. grew its position in LSI Industries by 4.0% in the second quarter. North Star Investment Management Corp. now owns 525,843 shares of the construction company’s stock worth $1,919,000 after acquiring an additional 20,016 shares in the last quarter. 61.20% of the stock is owned by institutional investors.

LSI Industries Company Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

See Also: Balanced Fund

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