Revolution Lighting Technologies Inc. (RVLT) Trading Up 3.8%
Revolution Lighting Technologies Inc. (NASDAQ:RVLT) rose 3.8% during trading on Thursday . The stock traded as high as $6.68 and last traded at $6.61, with a volume of 78,704 shares changing hands. The stock had previously closed at $6.37.
Separately, Roth Capital restated a “buy” rating on shares of Revolution Lighting Technologies in a research note on Saturday, May 14th.
The company’s 50 day moving average is $6.38 and its 200 day moving average is $6.46. The stock’s market cap is $135.71 million.
Revolution Lighting Technologies (NASDAQ:RVLT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business earned $43.10 million during the quarter, compared to analysts’ expectations of $27.20 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. Analysts expect that Revolution Lighting Technologies Inc. will post $0.27 earnings per share for the current fiscal year.
Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.
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