Revolution Lighting Technologies Inc (NASDAQ:RVLT) Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were bought at an average cost of $3.05 per share, with a total value of $76,250.00. Following the completion of the acquisition, the chairman now directly owns 72,956 shares in the company, valued at approximately $222,515.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Revolution Lighting Technologies Inc (NASDAQ RVLT) traded up $0.02 during mid-day trading on Monday, hitting $3.32. The stock had a trading volume of 99,377 shares, compared to its average volume of 201,143. The company has a market capitalization of $70.61, a price-to-earnings ratio of -10.38 and a beta of 1.97. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.43. Revolution Lighting Technologies Inc has a 52 week low of $2.95 and a 52 week high of $9.17.
Revolution Lighting Technologies (NASDAQ:RVLT) last released its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $43.10 million during the quarter, compared to analyst estimates of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. Revolution Lighting Technologies’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. equities research analysts anticipate that Revolution Lighting Technologies Inc will post -0.62 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Roth Capital set a $8.00 target price on Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, October 27th. HC Wainwright reaffirmed a “buy” rating and issued a $16.00 target price on shares of Revolution Lighting Technologies in a report on Monday, September 25th. Finally, TheStreet lowered Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd.
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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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