LSI Industries (NASDAQ:LYTS) Downgraded by StockNews.com to Buy

LSI Industries (NASDAQ:LYTS) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

LYTS has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Friday, April 25th. Canaccord Genuity Group lowered their target price on shares of LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 25th.

LSI Industries Stock Up 1.1 %

LSI Industries stock opened at $15.26 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The firm’s fifty day moving average is $16.69 and its 200 day moving average is $18.53. The company has a market capitalization of $456.59 million, a PE ratio of 19.82 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. The firm had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. As a group, sell-side analysts predict that LSI Industries will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LYTS. Barclays PLC raised its position in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after buying an additional 37,660 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of LSI Industries by 1,559.9% in the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after buying an additional 2,995 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of LSI Industries by 28.7% in the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock worth $2,656,000 after buying an additional 30,464 shares in the last quarter. SG Americas Securities LLC raised its position in shares of LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock worth $274,000 after buying an additional 2,731 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new stake in shares of LSI Industries in the fourth quarter worth $253,000. Institutional investors own 73.91% of the company’s stock.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.