LSI Industries Inc. (NASDAQ:LYTS)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research note issued on Monday. They presently have a $9.00 target price on the construction company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 48.51% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Roth Capital lowered shares of LSI Industries from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a research note on Friday.

LSI Industries (LYTS) traded down 4.57% during mid-day trading on Monday, hitting $6.06. 188,749 shares of the stock traded hands. The firm has a market cap of $153.92 million, a P/E ratio of 42.98 and a beta of 1.56. The firm’s 50-day moving average price is $8.86 and its 200-day moving average price is $9.27. LSI Industries has a 52 week low of $5.82 and a 52 week high of $11.55.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of LSI Industries by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock worth $200,000 after buying an additional 370 shares during the period. Rhumbline Advisers increased its stake in LSI Industries by 1.5% in the second quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock worth $267,000 after buying an additional 430 shares in the last quarter. UBS Group AG increased its stake in LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares in the last quarter. American International Group Inc. increased its stake in LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in LSI Industries by 4.7% in the first quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock worth $222,000 after buying an additional 983 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

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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