LSI Industries Inc. (NASDAQ:LYTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “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. “

Other analysts have also recently issued research reports about the company. Canaccord Genuity restated a “buy” rating and issued a $9.00 price target on shares of LSI Industries in a report on Monday. Roth Capital cut LSI Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $7.00 in a report on Friday, August 4th.

LSI Industries (NASDAQ LYTS) opened at 5.85 on Thursday. LSI Industries has a 52-week low of $5.80 and a 52-week high of $11.55. The firm has a 50-day moving average of $8.70 and a 200-day moving average of $9.23. The firm has a market cap of $148.58 million, a PE ratio of 41.49 and a beta of 1.56.

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Hedge funds have recently bought and sold shares of the stock. Genesee Valley Trust Co. acquired a new stake in LSI Industries during the second quarter valued at approximately $103,000. American International Group Inc. boosted 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 valued at $148,000 after buying an additional 963 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock valued at $161,000 after buying an additional 2,645 shares during the period. UBS Group AG boosted 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 valued at $168,000 after buying an additional 890 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in LSI Industries during the second quarter valued at approximately $172,000. Institutional investors 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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