The stock of LSI Industries, Inc. (NASDAQ:LYTS) is a huge mover today! The stock decreased 2.94% or $0.33 during the last trading session, hitting $10.9. About 95,037 shares traded hands. LSI Industries, Inc. (NASDAQ:LYTS) has declined 0.91% since March 1, 2016 and is downtrending. It has underperformed by 13.13% the S&P500.
The move comes after 7 months negative chart setup for the $272.99M company. It was reported on Oct, 4 by Barchart.com. We have $9.70 PT which if reached, will make NASDAQ:LYTS worth $30.03M less.
LSI Industries, Inc. (NASDAQ:LYTS) Ratings Coverage
Out of 3 analysts covering LSI Industries (NASDAQ:LYTS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LSI Industries has been the topic of 4 analyst reports since August 22, 2015 according to StockzIntelligence Inc. TH Capital initiated it with “Buy” rating and $14 target price in Thursday, August 25 report. The rating was upgraded by TheStreet on Saturday, August 22 to “Hold”. Roth Capital initiated the stock with “Buy” rating in Thursday, August 25 report. Sidoti initiated the stock with “Buy” rating in Thursday, February 11 report.
According to Zacks Investment Research, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in the retail, specialty niche, & commercial markets. The Company’s Lighting Segment produces high performance products dedicated to the outdoor, architectural outdoor, indoor, architectural indoor and accent/downlight markets. The Graphics Segment provides a vast array of products and services including signage, menu board systems, active digital signage, decorative fixturing, design support, engineering & project management for custom programs for today’s retail environment. The Company’s Technology Segment develops and designs high performance light engines, digital signage and other products using LED lighting technology, including large format LED video screens for the entertainment & sports markets. LSI’s major markets are the petroleum convenience store multisite retail & the commercial industrial lighting markets.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.29, from 1.25 in 2016Q1. The ratio dropped, as 10 funds sold all LSI Industries, Inc. shares owned while 35 reduced positions. 13 funds bought stakes while 30 increased positions. They now own 19.47 million shares or 2.38% more from 19.02 million shares in 2016Q1.
Driehaus Cap Management Ltd Liability Co has 256,058 shares for 0.1% of their US portfolio. Rhumbline Advisers reported 28,806 shares or 0% of all its holdings. Panagora Asset Mngmt Incorporated reported 2,132 shares or 0% of all its holdings. Moreover, Invesco has 0% invested in LSI Industries, Inc. (NASDAQ:LYTS) for 81,904 shares. Royal Bancorp Of Canada last reported 44,250 shares in the company. Aqr Cap Mngmt Lc accumulated 0% or 90,065 shares. The New Jersey-based Blackrock Inv Mgmt Ltd Liability Corp has invested 0% in LSI Industries, Inc. (NASDAQ:LYTS). Valley National Advisers last reported 0.01% of its portfolio in the stock. Lord Abbett & Lc owns 394,034 shares or 0.01% of their US portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. The California-based Blackrock Institutional Tru Na has invested 0% in LSI Industries, Inc. (NASDAQ:LYTS). First Advsrs Ltd Partnership holds 51,197 shares or 0% of its portfolio. Morgan Dempsey Lc last reported 313,530 shares in the company. Deutsche National Bank Ag, a Germany-based fund reported 30,551 shares. Allianz Asset Mgmt Ag holds 0% or 166,201 shares in its portfolio.
Insider Transactions: Since April 25, 2016, the stock had 1 insider buy, and 2 selling transactions for $133,868 net activity. KREIDER GARY P sold $83,457 worth of stock. The insider Wells Dennis W. bought $19,500.
More important recent LSI Industries, Inc. (NASDAQ:LYTS) news were published by: Globenewswire.com which released: “LSI Industries Inc. Reports Operating Results for the Third Quarter and Nine …” on April 21, 2016, also Globenewswire.com published article titled: “LSI Industries Inc. Reports Operating Results for the Year and Fourth Quarter …”, Globenewswire.com published: “LSI Industries Inc. Announces New Management Appointments” on October 01, 2014. More interesting news about LSI Industries, Inc. (NASDAQ:LYTS) was released by: Nasdaq.com and their article: “LSI Industries Inc. Announces the Closure of Its Lighting Facility in Kansas …” with publication date: September 22, 2016.
LYTS Company Profile
LSI Industries Inc., incorporated on September 28, 1989, is a well-known provider of corporate visual image solutions. The Firm operates through three divisions: Lighting, Graphics and Technology. The Company’s services and products include digital signage, screen graphics, and structural graphics capabilities. It also offers solutions to both energy retrofit and new construction markets. The Firm creates 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. It also provides a range of lighting control solutions. In addition to designing and producing screen graphics and structural graphics, it creates and produces aspects of its digital signage offering where clients are provided with a solution that includes design, software, hardware content development, implementation, service and support.
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