The stock of Revolution Lighting Technologies Inc (NASDAQ:RVLT) is a huge mover today! The stock decreased 3.22% or $0.21 on September 30, hitting $6.31. About 106,380 shares traded hands or 74.27% up from the average. Revolution Lighting Technologies Inc (NASDAQ:RVLT) has declined 18.05% since February 29, 2016 and is downtrending. It has underperformed by 28.48% the S&P500.
The move comes after 5 months negative chart setup for the $124.94 million company. It was reported on Oct, 1 by Barchart.com. We have $5.62 PT which if reached, will make NASDAQ:RVLT worth $13.74 million less.
Analysts await Revolution Lighting Technologies Inc (NASDAQ:RVLT) to report earnings on November, 3. They expect $0.09 EPS, down 55.00% or $0.11 from last year’s $0.2 per share. RVLT’s profit will be $1.78 million for 17.53 P/E if the $0.09 EPS becomes a reality. After $0.04 actual EPS reported by Revolution Lighting Technologies Inc for the previous quarter, Wall Street now forecasts 125.00% EPS growth.
According to Zacks Investment Research, “Revolution Technologies Inc. designs, manufacture, market and sells commercial grade, LED replacement light bulbs and LED-based signage, channel letter and contour lighting products. It operates in two segments: LED replacement lamps and LED signage and lighting strips. Revolution Technologies Inc., formerly known as Nexxus Lighting, Inc., is based in Aurora, Canada.”
More notable recent Revolution Lighting Technologies Inc (NASDAQ:RVLT) news were published by: Marketwatch.com which released: “Revolution Lighting Technologies Inc.” on January 30, 2013, also Businesswire.com with their article: “Revolution Lighting Technologies, Inc. Acquires Energy Source, LLC, Advancing …” published on August 05, 2015, Fool.com published: “Why Revolution Lighting Technologies, Inc. Stock Has Crashed 46% This Year” on September 30, 2014. More interesting news about Revolution Lighting Technologies Inc (NASDAQ:RVLT) were released by: Fool.com and their article: “Why Revolution Lighting Technologies Inc. Stock Surged 407% This Year, and …” published on December 24, 2013 as well as Reuters.com‘s news article titled: “BRIEF-Revolution Lighting Technologies says Brightness Llc buys shares for…” with publication date: July 07, 2016.
RVLT Company Profile
Revolution Lighting Technologies, Inc., incorporated on December 16, 1993, designs, makes, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Firm operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems. It sells its LED products under the RVLT, Seesmart, Lumificient, Value Lighting, Array and CMG brand names. It caters to municipal and commercial markets, which include vertical markets, such as industrial, commercial and Government facilities, hospitality, institutional, educational, healthcare and signage markets in the United States, Canada and internationally. E-Lighting and Energy Source are wholly owned subsidiaries of the Company.
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