LSI Industries Inc. (NASDAQ:LYTS)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a research note issued on Monday. They currently have a $9.00 price objective on the construction company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 48.51% from the stock’s current price.

Several other equities analysts also recently issued reports on LYTS. Roth Capital downgraded shares of LSI Industries from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Friday. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.

LSI Industries (NASDAQ:LYTS) traded down 4.57% during trading on Monday, hitting $6.06. 188,749 shares of the company were exchanged. The firm’s 50 day moving average price is $8.86 and its 200-day moving average price is $9.27. The stock has a market capitalization of $153.92 million, a PE ratio of 42.98 and a beta of 1.56. LSI Industries has a 1-year low of $5.82 and a 1-year high of $11.55.

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A number of institutional investors have recently modified their holdings of LYTS. First Personal Financial Services acquired a new position in shares of LSI Industries during the first quarter valued at $522,000. Bank of New York Mellon Corp increased its position in shares of LSI Industries by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock valued at $2,098,000 after buying an additional 5,776 shares during the period. Algert Global LLC increased its position in shares of LSI Industries by 8.5% in the first quarter. Algert Global LLC now owns 57,934 shares of the construction company’s stock valued at $585,000 after buying an additional 4,537 shares during the period. North Star Investment Management Corp. increased its position in shares of LSI Industries by 21.2% in the first quarter. North Star Investment Management Corp. now owns 460,631 shares of the construction company’s stock valued at $4,648,000 after buying an additional 80,450 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in shares of LSI Industries by 31.0% in the first quarter. Essex Investment Management Co. LLC now owns 135,151 shares of the construction company’s stock valued at $1,364,000 after buying an additional 31,998 shares during the period. Institutional investors own 76.48% of the company’s stock.

LSI Industries Company Profile

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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