LSI Industries (NASDAQ:LYTS) Cut to “Hold” at ValuEngine

LSI Industries (NASDAQ:LYTS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, ValuEngine reports.

Separately, Zacks Investment Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Shares of LYTS stock traded up $0.02 on Monday, hitting $5.39. The stock had a trading volume of 64,492 shares, compared to its average volume of 70,669. The company has a quick ratio of 1.69, a current ratio of 2.78 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.00. The company has a market cap of $141.58 million, a PE ratio of 134.75, a P/E/G ratio of 0.86 and a beta of 1.38. LSI Industries has a one year low of $2.48 and a one year high of $5.50.

Institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC bought a new position in LSI Industries in the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. raised its holdings in LSI Industries by 13.4% in the second quarter. Jacobs Levy Equity Management Inc. now owns 27,885 shares of the construction company’s stock worth $102,000 after purchasing an additional 3,300 shares in the last quarter. Wells Fargo & Company MN raised its holdings in LSI Industries by 12.9% in the second quarter. Wells Fargo & Company MN now owns 31,460 shares of the construction company’s stock worth $116,000 after purchasing an additional 3,583 shares in the last quarter. Brinker Capital Inc. raised its holdings in LSI Industries by 9.3% in the third quarter. Brinker Capital Inc. now owns 38,879 shares of the construction company’s stock worth $203,000 after purchasing an additional 3,312 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new position in LSI Industries in the second quarter worth about $879,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

LSI Industries Company Profile

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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