LSI Industries (LYTS) Earns News Sentiment Rating of 0.07
News coverage about LSI Industries (NASDAQ:LYTS) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. LSI Industries earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.2871867515469 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Wednesday, November 1st. Roth Capital set a $7.00 price target on shares of LSI Industries and gave the company a “hold” rating in a research report on Thursday, December 14th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research report on Thursday, October 26th.
LSI Industries (NASDAQ:LYTS) traded down $0.12 during mid-day trading on Friday, hitting $6.89. 44,856 shares of the stock traded hands, compared to its average volume of 91,544. The stock has a market cap of $180.80, a price-to-earnings ratio of -13.25, a PEG ratio of 1.48 and a beta of 1.68. The company has a current ratio of 2.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. LSI Industries has a 1 year low of $4.99 and a 1 year high of $10.68.
LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm had revenue of $87.47 million for the quarter, compared to analyst estimates of $82.45 million. LSI Industries had a negative net margin of 17.87% and a negative return on equity of 41.18%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. sell-side analysts forecast that LSI Industries will post 0.19 EPS for the current fiscal year.
In related news, VP James E. Galeese bought 7,641 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $6.54 per share, for a total transaction of $49,972.14. Following the acquisition, the vice president now owns 2,379 shares of the company’s stock, valued at $15,558.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Howard E. Japlon bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $6.88 per share, with a total value of $34,400.00. Following the acquisition, the vice president now directly owns 23,500 shares in the company, valued at approximately $161,680. The disclosure for this purchase can be found here. 6.37% of the stock is currently owned by insiders.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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