LSI Industries Inc. (NASDAQ:LYTS – Get Rating) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.48 and traded as high as $7.84. LSI Industries shares last traded at $7.84, with a volume of 416 shares.
Wall Street Analyst Weigh In
A number of research firms have recently commented on LYTS. TheStreet upgraded LSI Industries from a "c+" rating to a "b-" rating in a research report on Tuesday, May 10th. StockNews.com raised LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 18th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, LSI Industries currently has a consensus rating of "Buy" and a consensus target price of $13.00.
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LSI Industries Price Performance
The stock has a fifty day simple moving average of $6.49 and a two-hundred day simple moving average of $6.48. The company has a market cap of $208.98 million, a PE ratio of 14.79 and a beta of 1.12. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.58.
LSI Industries (NASDAQ:LYTS – Get Rating) last announced its quarterly earnings data on Thursday, August 18th. The construction company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. LSI Industries had a return on equity of 12.04% and a net
margin of 3.30%. During the same period last year, the firm posted $0.10 EPS. On average, equities analysts predict that LSI Industries Inc. will post 0.69 EPS for the current fiscal year.
LSI Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.55%. LSI Industries's dividend payout ratio (DPR) is presently 37.74%.
Institutional Investors Weigh In On LSI Industries
Several institutional investors and hedge funds have recently bought and sold shares of LYTS. B. Riley Asset Management LLC bought a new position in shares of LSI Industries in the fourth quarter valued at approximately $1,717,000. North Star Investment Management Corp. grew its position in LSI Industries by 90.0% in the 1st quarter. North Star Investment Management Corp. now owns 434,653 shares of the construction company's stock worth $2,608,000 after purchasing an additional 205,834 shares during the last quarter. Archon Capital Management LLC lifted its holdings in shares of LSI Industries by 48.5% during the 4th quarter. Archon Capital Management LLC now owns 503,151 shares of the construction company's stock worth $3,452,000 after acquiring an additional 164,432 shares during the period. WealthTrust Axiom LLC lifted its holdings in shares of LSI Industries by 14.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 1,010,888 shares of the construction company's stock worth $6,237,000 after acquiring an additional 127,697 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of LSI Industries by 83.0% during the 1st quarter. First Eagle Investment Management LLC now owns 162,602 shares of the construction company's stock worth $976,000 after acquiring an additional 73,764 shares during the period. Institutional investors and hedge funds own 61.45% of the company's stock.
LSI Industries Company Profile
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LSI Industries Inc manufactures and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting solutions.
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