Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) has been given a $8.00 target price by equities research analysts at Roth Capital in a research note issued on Friday. The brokerage currently has a “buy” rating on the electronics maker’s stock. Roth Capital’s price objective would indicate a potential upside of 47.33% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. HC Wainwright set a $16.00 price objective on Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, July 28th. ValuEngine downgraded Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a report on Monday, September 18th.

Revolution Lighting Technologies (NASDAQ:RVLT) traded up 1.31% during trading on Friday, hitting $5.43. The stock had a trading volume of 97,280 shares. Revolution Lighting Technologies has a one year low of $5.21 and a one year high of $9.17. The firm has a 50 day moving average of $6.65 and a 200-day moving average of $7.30. The company’s market cap is $114.40 million.

Revolution Lighting Technologies (NASDAQ:RVLT) last posted its quarterly earnings data on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.38% and a negative net margin of 3.94%. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Equities analysts anticipate that Revolution Lighting Technologies will post ($0.12) earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its stake in Revolution Lighting Technologies by 16.8% during the 4th quarter. Royce & Associates LP now owns 1,096,144 shares of the electronics maker’s stock worth $6,029,000 after purchasing an additional 157,800 shares in the last quarter. Penn Capital Management Co. Inc. grew its stake in Revolution Lighting Technologies by 3.9% during the 4th quarter. Penn Capital Management Co. Inc. now owns 2,976,194 shares of the electronics maker’s stock worth $2,366,000 after purchasing an additional 111,310 shares in the last quarter. Signia Capital Management LLC grew its stake in Revolution Lighting Technologies by 15.0% during the 2nd quarter. Signia Capital Management LLC now owns 831,713 shares of the electronics maker’s stock worth $5,481,000 after purchasing an additional 108,691 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Revolution Lighting Technologies during the 4th quarter worth $357,000. Finally, American Financial Group Inc. grew its stake in Revolution Lighting Technologies by 66.7% during the 2nd quarter. American Financial Group Inc. now owns 1,805,070 shares of the electronics maker’s stock worth $11,156,000 after purchasing an additional 722,500 shares in the last quarter. 31.92% of the stock is owned by hedge funds and other institutional investors.

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.

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