ValuEngine Downgrades LSI Industries (NASDAQ:LYTS) to Hold

LSI Industries (NASDAQ:LYTS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

Shares of LYTS stock opened at $5.96 on Wednesday. The firm has a market cap of $155.59 million, a price-to-earnings ratio of 149.00, a PEG ratio of 0.87 and a beta of 1.37. LSI Industries has a 12 month low of $2.48 and a 12 month high of $6.00. The company has a quick ratio of 1.43, a current ratio of 2.38 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $5.35 and a 200 day moving average price of $4.45.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Wednesday, November 6th. The construction company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $85.00 million. LSI Industries had a negative net margin of 4.09% and a negative return on equity of 0.16%. Sell-side analysts predict that LSI Industries will post 0.25 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of LSI Industries by 58.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,174,721 shares of the construction company’s stock worth $4,287,000 after purchasing an additional 434,017 shares during the last quarter. Adirondack Research & Management Inc. lifted its stake in LSI Industries by 1.2% in the third quarter. Adirondack Research & Management Inc. now owns 409,837 shares of the construction company’s stock valued at $2,139,000 after buying an additional 5,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in LSI Industries by 13.4% in the second quarter. Jacobs Levy Equity Management Inc. now owns 27,885 shares of the construction company’s stock valued at $102,000 after buying an additional 3,300 shares during the period. WealthTrust Axiom LLC boosted its holdings in LSI Industries by 1.0% during the second quarter. WealthTrust Axiom LLC now owns 933,665 shares of the construction company’s stock worth $3,407,000 after buying an additional 8,954 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in LSI Industries by 0.4% during the third quarter. Systematic Financial Management LP now owns 796,897 shares of the construction company’s stock worth $4,160,000 after buying an additional 2,877 shares during the last quarter. Institutional investors own 60.66% of the company’s stock.

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.

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