LSI Industries (LYTS) Given Daily Media Sentiment Score of 0.22
Headlines about LSI Industries (NASDAQ:LYTS) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LSI Industries earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.8450097562647 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
LSI Industries (LYTS) remained flat at $6.84 during trading on Friday. 45,797 shares of the company traded hands. LSI Industries has a 1-year low of $4.99 and a 1-year high of $11.00. The firm has a 50 day moving average price of $6.19 and a 200-day moving average price of $8.09. The company has a market capitalization of $174.47 million, a P/E ratio of 57.97 and a beta of 1.65.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $83.42 million for the quarter, compared to the consensus estimate of $86.55 million. LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. Equities research analysts predict that LSI Industries will post $0.20 EPS for the current fiscal year.
Several research firms have recently commented on LYTS. Roth Capital lowered LSI Industries from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.00 to $7.00 in a report on Friday, August 4th. Zacks Investment Research raised LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price for the company in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 target price on shares of LSI Industries in a report on Monday, August 7th. Finally, TheStreet lowered LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th.
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In other news, VP James E. Galeese acquired 16,700 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $6.01 per share, with a total value of $100,367.00. Following the completion of the acquisition, the vice president now owns 330 shares in the company, valued at approximately $1,983.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James E. Galeese acquired 9,025 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $5.53 per share, with a total value of $49,908.25. Following the acquisition, the vice president now owns 824 shares of the company’s stock, valued at approximately $4,556.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 42,525 shares of company stock valued at $249,675. Company insiders own 5.36% of the company’s stock.
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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