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.
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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