Media stories about LSI Industries (NASDAQ:LYTS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LSI Industries earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.8334172872231 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently issued reports on the company. Roth Capital lowered LSI Industries from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.00 to $7.00 in a research note on Friday, August 4th. Zacks Investment Research raised LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research note on Monday, August 7th. Finally, TheStreet lowered LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th.
Shares of LSI Industries (NASDAQ LYTS) traded down 5.12% on Friday, reaching $6.30. The company had a trading volume of 154,723 shares. LSI Industries has a 52 week low of $4.99 and a 52 week high of $11.00. The stock’s 50 day moving average is $6.31 and its 200 day moving average is $8.01. The firm has a market capitalization of $160.69 million, a price-to-earnings ratio of 53.39 and a beta of 1.65.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. The company had revenue of $83.42 million for the quarter, compared to the consensus estimate of $86.55 million. During the same period in the prior year, the firm posted $0.06 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts anticipate that LSI Industries will post $0.20 EPS for the current year.
In other news, VP James E. Galeese purchased 9,025 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $5.53 per share, with a total value of $49,908.25. Following the completion of the acquisition, the vice president now owns 824 shares of the company’s stock, valued at $4,556.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP James E. Galeese purchased 16,700 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the acquisition, the vice president now directly owns 330 shares of the company’s stock, valued at approximately $1,983.30. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 42,525 shares of company stock worth $249,675. 6.37% of the stock is currently owned by corporate insiders.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs 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.
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