ValuEngine lowered shares of Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other analysts also recently issued reports on the company. HC Wainwright set a $16.00 price objective on Revolution Lighting Technologies and gave the company a buy rating in a research report on Friday, July 28th. Roth Capital set a $13.00 price objective on Revolution Lighting Technologies and gave the company a buy rating in a research report on Saturday, July 1st.

Shares of Revolution Lighting Technologies (RVLT) opened at 7.50 on Monday. The firm has a 50 day moving average price of $7.26 and a 200-day moving average price of $7.44. The firm’s market capitalization is $158.02 million. Revolution Lighting Technologies has a 52 week low of $5.21 and a 52 week high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last posted its earnings results on Thursday, July 27th. The electronics maker reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $43.53 million. Revolution Lighting Technologies had a positive return on equity of 0.08% and a negative net margin of 1.42%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Equities research analysts predict that Revolution Lighting Technologies will post $0.21 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of RVLT. Wells Fargo & Company MN lifted its position in shares of Revolution Lighting Technologies by 122.0% in the first quarter. Wells Fargo & Company MN now owns 124,311 shares of the electronics maker’s stock valued at $930,000 after acquiring an additional 68,306 shares in the last quarter. Royce & Associates LP lifted its position in shares of Revolution Lighting Technologies by 4.6% in the first quarter. Royce & Associates LP now owns 1,146,654 shares of the electronics maker’s stock valued at $8,577,000 after acquiring an additional 50,510 shares in the last quarter. Signia Capital Management LLC lifted its position in shares of Revolution Lighting Technologies by 64.5% in the first quarter. Signia Capital Management LLC now owns 723,022 shares of the electronics maker’s stock valued at $5,408,000 after acquiring an additional 283,381 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Revolution Lighting Technologies in the first quarter valued at $299,000. Finally, Lapides Asset Management LLC lifted its position in shares of Revolution Lighting Technologies by 10.5% in the first quarter. Lapides Asset Management LLC now owns 94,800 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 31.92% of the company’s stock.

About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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