LSI Industries (NASDAQ:LYTS) Trading Up 5.5%

LSI Industries, Inc. (NASDAQ:LYTS)’s share price was up 5.5% during mid-day trading on Wednesday . The company traded as high as $3.19 and last traded at $3.24, approximately 3,521 shares changed hands during mid-day trading. A decline of 98% from the average daily volume of 150,839 shares. The stock had previously closed at $3.07.

A number of equities research analysts recently issued reports on LYTS shares. HC Wainwright started coverage on LSI Industries in a research report on Thursday, February 27th. They issued a “buy” rating and a $9.00 target price on the stock. Zacks Investment Research lowered LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 8th. Finally, ValuEngine lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

The stock has a 50-day moving average of $5.65 and a 200-day moving average of $5.62. The firm has a market cap of $88.35 million, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.20 and a current ratio of 2.24.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Wednesday, February 5th. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). LSI Industries had a net margin of 1.20% and a return on equity of 0.42%. The firm had revenue of $82.38 million during the quarter, compared to analyst estimates of $90.00 million. Sell-side analysts predict that LSI Industries, Inc. will post 0.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Friday, February 14th. LSI Industries’s dividend payout ratio (DPR) is 500.00%.

Several large investors have recently bought and sold shares of the business. Royce & Associates LP increased its position in shares of LSI Industries by 14.6% during the 4th quarter. Royce & Associates LP now owns 2,095,452 shares of the construction company’s stock worth $12,677,000 after purchasing an additional 266,489 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of LSI Industries by 3.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,618,013 shares of the construction company’s stock worth $9,789,000 after purchasing an additional 55,059 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of LSI Industries by 11.4% during the 4th quarter. Renaissance Technologies LLC now owns 948,471 shares of the construction company’s stock worth $5,738,000 after purchasing an additional 96,900 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of LSI Industries by 61.0% during the 4th quarter. Essex Investment Management Co. LLC now owns 348,174 shares of the construction company’s stock worth $2,106,000 after purchasing an additional 131,969 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of LSI Industries by 9.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 93,059 shares of the construction company’s stock worth $563,000 after purchasing an additional 8,378 shares during the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

About LSI Industries (NASDAQ:LYTS)

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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