LSI Industries (NASDAQ:LYTS) received a $7.00 price objective from Roth Capital in a research note issued on Thursday. The firm presently has a “hold” rating on the construction company’s stock. Roth Capital’s target price suggests a potential downside of 2.91% from the stock’s current price.
A number of other equities analysts have also commented on LYTS. Zacks Investment Research lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research report on Thursday, October 26th.
Shares of LSI Industries (LYTS) traded up $0.30 during midday trading on Thursday, reaching $7.21. 182,301 shares of the company’s stock traded hands, compared to its average volume of 73,202. The company has a current ratio of 2.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $185.96, a P/E ratio of 35.40, a P/E/G ratio of 1.42 and a beta of 1.68. LSI Industries has a twelve month low of $4.99 and a twelve month high of $10.68.
In related news, VP Howard E. Japlon bought 5,000 shares of LSI Industries stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $6.88 per share, with a total value of $34,400.00. Following the completion of the transaction, the vice president now owns 23,500 shares in the company, valued at approximately $161,680. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP James E. Galeese bought 7,641 shares of LSI Industries stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of $6.54 per share, for a total transaction of $49,972.14. Following the completion of the transaction, the vice president now owns 2,379 shares of the company’s stock, valued at approximately $15,558.66. The disclosure for this purchase can be found here. Company insiders own 6.37% of the company’s stock.
Several large investors have recently modified their holdings of LYTS. Genesee Valley Trust Co. purchased a new position in shares of LSI Industries during the second quarter worth approximately $103,000. Citadel Advisors LLC purchased a new position in LSI Industries during the third quarter valued at approximately $112,000. Dynamic Technology Lab Private Ltd purchased a new position in LSI Industries during the third quarter valued at approximately $151,000. Alliancebernstein L.P. purchased a new position in LSI Industries during the second quarter valued at approximately $152,000. Finally, PNC Financial Services Group Inc. increased its holdings in LSI Industries by 118.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock valued at $159,000 after buying an additional 9,600 shares during the period. 73.18% of the stock is currently owned by institutional investors and hedge funds.
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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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