Revolution Lighting Technologies Inc. (RVLT) Trading Up 3.8%
Revolution Lighting Technologies Inc. (NASDAQ:RVLT) was up 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. The stock had previously closed at $6.37.
Separately, Roth Capital reaffirmed a “buy” rating on shares of Revolution Lighting Technologies in a research note on Saturday, May 14th.
The company has a 50 day moving average of $6.40 and a 200-day moving average of $6.46. The firm’s market capitalization is $135.29 million.
Revolution Lighting Technologies (NASDAQ:RVLT) last posted its earnings results on Thursday, August 4th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business had revenue of $43.10 million for the quarter, compared to analysts’ expectations of $27.20 million. Revolution Lighting Technologies’s quarterly revenue was up 58.5% compared to the same quarter last year. Equities analysts forecast that Revolution Lighting Technologies Inc. will post $0.16 EPS 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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