Zacks Investment Research lowered shares of LSI Industries (NASDAQ:LYTS) from a buy rating to a sell rating in a research note published 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. “

Several other analysts also recently issued reports on LYTS. Roth Capital set a $7.00 price objective on shares of LSI Industries and gave the company a hold rating in a research report on Thursday, December 14th. Canaccord Genuity reissued a buy rating and set a $9.00 price target on shares of LSI Industries in a research report on Thursday, October 26th.

Shares of LSI Industries (NASDAQ:LYTS) opened at $6.88 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.64 and a quick ratio of 1.45. LSI Industries has a 1 year low of $4.99 and a 1 year high of $10.68. The stock has a market cap of $180.03, a P/E ratio of -13.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The company had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. During the same quarter last year, the company earned $0.06 earnings per share. LSI Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts forecast that LSI Industries will post 0.19 EPS for the current fiscal year.

In related news, VP James E. Galeese purchased 7,641 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $6.54 per share, with a total value of $49,972.14. Following the completion of the transaction, the vice president now owns 2,379 shares of the company’s stock, valued at $15,558.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Howard E. Japlon purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $6.88 per share, with a total value of $34,400.00. Following the transaction, the vice president now directly owns 23,500 shares of the company’s stock, valued at approximately $161,680. The disclosure for this purchase can be found here. 6.37% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of LSI Industries by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,851,348 shares of the construction company’s stock worth $12,237,000 after buying an additional 23,486 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of LSI Industries by 1.7% during the third quarter. Chartwell Investment Partners LLC now owns 1,587,655 shares of the construction company’s stock worth $10,494,000 after buying an additional 26,372 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in LSI Industries by 34.8% during the third quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock worth $8,631,000 after purchasing an additional 337,188 shares during the last quarter. Vanguard Group Inc. lifted its stake in LSI Industries by 2.6% during the second quarter. Vanguard Group Inc. now owns 969,955 shares of the construction company’s stock worth $8,778,000 after purchasing an additional 24,178 shares during the last quarter. Finally, WealthTrust Axiom LLC lifted its stake in LSI Industries by 3.9% during the third quarter. WealthTrust Axiom LLC now owns 763,751 shares of the construction company’s stock worth $5,048,000 after purchasing an additional 28,484 shares during the last quarter. 73.18% of the stock is owned by institutional investors and hedge funds.

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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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