Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also weighed in on RVLT. Roth Capital set a $13.00 target price on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Saturday, July 1st. HC Wainwright set a $16.00 target price on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Friday, July 28th.

Revolution Lighting Technologies (NASDAQ RVLT) traded down 17.41% during midday trading on Monday, reaching $6.26. 766,165 shares of the company traded hands. Revolution Lighting Technologies has a 12-month low of $5.21 and a 12-month high of $9.17. The company’s market cap is $131.89 million. The company has a 50-day moving average price of $7.26 and a 200-day moving average price of $7.45.

Revolution Lighting Technologies (NASDAQ:RVLT) last announced its earnings results on Thursday, July 27th. The electronics maker reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Revolution Lighting Technologies had a negative net margin of 1.42% and a positive return on equity of 0.08%. The business had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.53 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts predict that Revolution Lighting Technologies will post $0.21 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Teachers Advisors LLC acquired a new stake in shares of Revolution Lighting Technologies in the second quarter valued at $143,000. California State Teachers Retirement System acquired a new stake in shares of Revolution Lighting Technologies in the second quarter valued at $144,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Revolution Lighting Technologies in the second quarter valued at $182,000. Bank of New York Mellon Corp acquired a new stake in shares of Revolution Lighting Technologies in the second quarter valued at $217,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Revolution Lighting Technologies in the second quarter valued at $218,000. Institutional investors own 31.92% of the company’s stock.

About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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