LSI Industries (NASDAQ:LYTS) Downgraded by Zacks Research to “Strong Sell”

LSI Industries (NASDAQ:LYTS) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

LYTS has been the subject of a number of other research reports. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Canaccord Genuity Group increased their target price on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. HC Wainwright restated a “buy” rating and set a $30.00 price target on shares of LSI Industries in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LSI Industries has a consensus rating of “Hold” and a consensus price target of $28.33.

LSI Industries Trading Up 3.6%

Shares of NASDAQ:LYTS opened at $22.30 on Wednesday. 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 has a market capitalization of $693.31 million, a price-to-earnings ratio of 27.20 and a beta of 0.18. LSI Industries has a 1-year low of $13.77 and a 1-year high of $24.75. The company has a 50 day moving average price of $19.27 and a 200 day moving average price of $20.44.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $147.00 million during 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%. On average, research analysts anticipate that LSI Industries will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in LSI Industries during the 1st quarter worth $34,000. State of Alaska Department of Revenue bought a new position in LSI Industries during the third quarter worth $38,000. EverSource Wealth Advisors LLC acquired a new stake in LSI Industries in the 2nd quarter worth $47,000. Quarry LP bought a new position in LSI Industries during the third quarter valued at about $55,000. Finally, Russell Investments Group Ltd. raised its holdings in LSI Industries by 711.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after acquiring an additional 2,370 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

About LSI Industries

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.