LSI Industries (NASDAQ:LYTS) Rating Lowered to “Hold” at Wall Street Zen

LSI Industries (NASDAQ:LYTS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

LYTS has been the topic of a number of other research reports. Zacks Research lowered shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. HC Wainwright reissued a “buy” rating and set a $30.00 price target on shares of LSI Industries in a research report on Tuesday, January 27th. Canaccord Genuity Group boosted their target price on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LSI Industries has a consensus rating of “Hold” and a consensus price target of $28.33.

LSI Industries Stock Up 4.2%

Shares of NASDAQ LYTS opened at $22.89 on Friday. The firm has a market cap of $711.65 million, a price-to-earnings ratio of 27.91 and a beta of 0.20. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. The stock’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $20.68.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 22nd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $147.00 million for the quarter, compared to analyst estimates of $140.11 million. LSI Industries had a return on equity of 11.10% and a net margin of 4.34%. As a group, equities analysts anticipate that LSI Industries will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LSI Industries

Hedge funds have recently bought and sold shares of the business. Strs Ohio acquired a new position in shares of LSI Industries in the 1st quarter valued at about $34,000. New York State Teachers Retirement System purchased a new position in shares of LSI Industries during the 4th quarter valued at $36,000. State of Alaska Department of Revenue acquired a new position in shares of LSI Industries in the third quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new stake in shares of LSI Industries during the second quarter worth $47,000. Finally, Quarry LP acquired a new stake in LSI Industries during the third quarter valued at $55,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.