LSI Industries (NASDAQ:LYTS) Downgraded to Hold Rating by Wall Street Zen

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

Several other research analysts have also recently issued reports on LYTS. Canaccord Genuity Group raised their target price on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Zacks Research cut shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.33.

LSI Industries Stock Performance

Shares of LYTS stock opened at $22.89 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $19.77 and a 200-day moving average price of $20.64. LSI Industries has a 52 week low of $13.77 and a 52 week high of $24.75. The firm has a market capitalization of $711.65 million, a PE ratio of 27.91 and a beta of 0.20.

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

Hedge Funds Weigh In On LSI Industries

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of LSI Industries during the first quarter worth about $34,000. New York State Teachers Retirement System bought a new position in LSI Industries in the fourth quarter worth $36,000. State of Alaska Department of Revenue purchased a new position in LSI Industries during the third quarter valued at $38,000. EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries during the 2nd quarter valued at $47,000. Finally, Quarry LP purchased a new stake in shares of LSI Industries in the 3rd quarter worth about $55,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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.