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

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

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

NASDAQ LYTS traded up $0.02 on Monday, reaching $5.39. 64,492 shares of the stock were exchanged, compared to its average volume of 70,669. LSI Industries has a one year low of $2.48 and a one year high of $5.50. The firm has a market capitalization of $141.58 million, a PE ratio of 134.75, a PEG ratio of 0.86 and a beta of 1.38. The company’s 50-day simple moving average is $4.94 and its two-hundred day simple moving average is $4.00. The company has a current ratio of 2.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.33.

Several institutional investors have recently added to or reduced their stakes in the company. Brinker Capital Inc. raised its position in shares of LSI Industries by 9.3% during the third quarter. Brinker Capital Inc. now owns 38,879 shares of the construction company’s stock valued at $203,000 after buying an additional 3,312 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in shares of LSI Industries during the second quarter valued at approximately $879,000. Vanguard Group Inc. raised its position in shares of LSI Industries by 58.6% during the second quarter. Vanguard Group Inc. now owns 1,174,721 shares of the construction company’s stock valued at $4,287,000 after buying an additional 434,017 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of LSI Industries by 13.4% during the second quarter. Jacobs Levy Equity Management Inc. now owns 27,885 shares of the construction company’s stock valued at $102,000 after buying an additional 3,300 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of LSI Industries during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors 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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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