Revolution Lighting Technologies (RVLT) Receiving Somewhat Favorable Press Coverage, Study Finds
Press coverage about Revolution Lighting Technologies (NASDAQ:RVLT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Revolution Lighting Technologies earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 47.5037370100112 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Revolution Lighting Technologies, Inc. (RVLT) Rating Reiterated by HC Wainwright (americanbankingnews.com)
- Revolution Lighting Technologies, Inc. (RVLT) Downgraded by ValuEngine (americanbankingnews.com)
- Revolution Lighting -17% after cutting sales guidance – Seeking Alpha (seekingalpha.com)
- Revolution Lighting Technologies provides Q3, Q4 updates, revises FY guidance (timesofindia.indiatimes.com)
- Revolution Lighting Technologies : provides third and fourth quarter updates and revises full year guidance (4-traders.com)
Several equities research analysts have issued reports on RVLT shares. Roth Capital set a $13.00 price target on Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Saturday, July 1st. HC Wainwright set a $16.00 price target on Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine lowered Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research note on Monday, September 18th.
Shares of Revolution Lighting Technologies (NASDAQ RVLT) traded up 2.3978% during midday trading on Monday, reaching $6.4101. The company’s stock had a trading volume of 141,632 shares. The company’s market cap is $135.05 million. The company’s 50-day moving average price is $7.26 and its 200-day moving average price is $7.45. Revolution Lighting Technologies has a 12 month low of $5.21 and a 12 month high of $9.17.
Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings data on Thursday, July 27th. The electronics maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Revolution Lighting Technologies had a negative net margin of 1.42% and a positive return on equity of 0.08%. The company had revenue of $43.40 million for the quarter, compared to the consensus estimate of $43.53 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts anticipate that Revolution Lighting Technologies will post $0.21 EPS for the current fiscal year.
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Revolution Lighting Technologies Company Profile
Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. 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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