LSI Industries (NASDAQ:LYTS) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of LSI Industries Inc. (NASDAQ:LYTS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.13 and traded as high as $23.90. LSI Industries shares last traded at $23.79, with a volume of 164,517 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on LYTS shares. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Oppenheimer began coverage on LSI Industries in a research report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

LSI Industries Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The stock’s 50-day moving average is $24.58 and its two-hundred day moving average is $22.13. The stock has a market cap of $873.33 million, a PE ratio of 31.72 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The firm had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. On average, equities analysts predict that LSI Industries Inc. will post 0.78 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. LSI Industries’s payout ratio is presently 26.67%.

Insider Activity at LSI Industries

In related news, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $2,653,099.54. Following the sale, the executive vice president owned 64,790 shares in the company, valued at approximately $1,573,749.10. The trade was a 62.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wilfred T. Ogara sold 10,369 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the transaction, the director directly owned 103,686 shares in the company, valued at approximately $2,497,795.74. The trade was a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 256,173 shares of company stock worth $6,220,368. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of LSI Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in shares of LSI Industries by 1.2% in the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after purchasing an additional 536 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of LSI Industries in the first quarter valued at approximately $1,404,000. Aristides Capital LLC increased its stake in LSI Industries by 96.6% during the 1st quarter. Aristides Capital LLC now owns 103,244 shares of the construction company’s stock worth $1,920,000 after buying an additional 50,728 shares during the period. Sei Investments Co. increased its stake in LSI Industries by 259.7% during the 1st quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock worth $4,917,000 after buying an additional 190,840 shares during the period. Finally, State of Wyoming lifted its holdings in LSI Industries by 58.3% during the 1st quarter. State of Wyoming now owns 10,500 shares of the construction company’s stock worth $195,000 after buying an additional 3,868 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.