LSI Industries (NASDAQ:LYTS) Lowered to “Buy” Rating by Wall Street Zen

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

A number of other equities analysts have also commented on LYTS. HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research report on Friday, April 25th. Canaccord Genuity Group cut their price objective on shares of LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, April 25th.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $19.28 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $576.86 million, a PE ratio of 26.78 and a beta of 0.32. LSI Industries has a twelve month low of $13.77 and a twelve month high of $25.50. The company has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $17.41.

Hedge Funds Weigh In On LSI Industries

A number of large investors have recently modified their holdings of LYTS. Invesco Ltd. boosted its position in shares of LSI Industries by 354.1% in the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company’s stock valued at $4,734,000 after acquiring an additional 190,095 shares during the period. Expect Equity LLC bought a new stake in LSI Industries during the fourth quarter valued at approximately $2,391,000. Archon Capital Management LLC lifted its position in LSI Industries by 67.8% during the second quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock valued at $4,846,000 after purchasing an additional 115,124 shares during the last quarter. Systematic Financial Management LP lifted its position in LSI Industries by 4.3% during the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock valued at $49,382,000 after purchasing an additional 103,724 shares during the last quarter. Finally, Nuveen LLC bought a new stake in LSI Industries during the first quarter valued at approximately $1,432,000. 73.91% of the stock is currently owned by institutional investors.

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.