LSI Industries Inc. (NASDAQ:LYTS) was downgraded by investment analysts at Roth Capital from a “buy” rating to a “hold” rating in a note issued to investors on Friday. They presently have a $7.00 target price on the construction company’s stock. Roth Capital’s price objective would suggest a potential upside of 10.24% from the company’s previous close.

Separately, Zacks Investment Research cut LSI Industries from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd.

LSI Industries (NASDAQ LYTS) traded down 16.99% on Friday, reaching $6.35. The company’s stock had a trading volume of 623,351 shares. LSI Industries has a 52-week low of $6.20 and a 52-week high of $11.55. The stock’s 50 day moving average price is $8.86 and its 200 day moving average price is $9.27. The firm has a market cap of $161.28 million, a PE ratio of 45.04 and a beta of 1.56.

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A number of institutional investors have recently made changes to their positions in LYTS. State Street Corp raised its position in shares of LSI Industries by 7.8% in the fourth quarter. State Street Corp now owns 376,725 shares of the construction company’s stock worth $3,672,000 after buying an additional 27,305 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of LSI Industries by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,739,151 shares of the construction company’s stock worth $16,939,000 after buying an additional 12,799 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of LSI Industries by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 236,200 shares of the construction company’s stock worth $2,301,000 after buying an additional 10,200 shares in the last quarter. Teachers Advisors LLC raised its position in shares of LSI Industries by 15.5% in the fourth quarter. Teachers Advisors LLC now owns 50,039 shares of the construction company’s stock worth $487,000 after buying an additional 6,711 shares in the last quarter. Finally, Creative Planning raised its position in shares of LSI Industries by 4,459.0% in the first quarter. Creative Planning now owns 44,450 shares of the construction company’s stock worth $449,000 after buying an additional 43,475 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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