LSI Industries (NASDAQ:LYTS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

LSI Industries Inc. (NASDAQ:LYTS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.99 and traded as high as $22.00. LSI Industries shares last traded at $21.37, with a volume of 139,484 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Canaccord Genuity Group boosted 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research note on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of LSI Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.33.

LSI Industries Stock Performance

The company has a market capitalization of $665.25 million, a PE ratio of 26.06 and a beta of 0.20. The stock’s fifty day simple moving average is $20.53 and its 200-day simple moving average is $20.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a net margin of 4.34% and a return on equity of 10.90%. The business had revenue of $147.00 million during the quarter, compared to analyst estimates of $140.11 million. As a group, equities analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. LSI Industries’s payout ratio is currently 24.39%.

Institutional Trading of LSI Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP lifted its holdings in shares of LSI Industries by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company’s stock worth $44,096,000 after acquiring an additional 26,546 shares during the period. Vanguard Group Inc. increased its position in LSI Industries by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock worth $39,133,000 after purchasing an additional 50,722 shares during the last quarter. AltraVue Capital LLC raised its stake in LSI Industries by 8.0% during the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after purchasing an additional 106,693 shares during the period. Royce & Associates LP boosted its holdings in shares of LSI Industries by 16.4% in the 4th quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock valued at $22,284,000 after purchasing an additional 171,124 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of LSI Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company’s stock valued at $13,985,000 after buying an additional 26,700 shares during the period. 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.