Revolution Lighting Technologies (NASDAQ:RVLT) had its target price trimmed by HC Wainwright from $14.00 to $8.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the electronics maker’s stock.

RVLT has been the subject of several other research reports. Roth Capital set a $8.00 price target on Revolution Lighting Technologies and gave the stock a buy rating in a research note on Friday, October 27th. TheStreet downgraded Revolution Lighting Technologies from a c- rating to a d+ rating in a research note on Friday, November 3rd. Finally, ValuEngine downgraded Revolution Lighting Technologies from a hold rating to a sell rating in a research note on Monday, September 18th.

Shares of Revolution Lighting Technologies (RVLT) traded up $0.30 during trading hours on Wednesday, reaching $3.45. The company’s stock had a trading volume of 369,067 shares, compared to its average volume of 215,863. The company has a market cap of $73.37, a P/E ratio of -11.13 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.60. Revolution Lighting Technologies has a 52-week low of $2.95 and a 52-week high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last announced its quarterly earnings data on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $43.10 million during the quarter, compared to the consensus estimate of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. sell-side analysts forecast that Revolution Lighting Technologies will post -0.62 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Revolution Lighting Technologies during the 2nd quarter worth $217,000. Northern Trust Corp grew its stake in shares of Revolution Lighting Technologies by 479.9% during the 2nd quarter. Northern Trust Corp now owns 123,678 shares of the electronics maker’s stock worth $815,000 after acquiring an additional 102,352 shares during the period. Cowen Prime Services LLC bought a new position in shares of Revolution Lighting Technologies during the 3rd quarter worth $4,428,000. AWM Investment Company Inc. bought a new position in shares of Revolution Lighting Technologies during the 2nd quarter worth $6,095,000. Finally, Northpointe Capital LLC bought a new position in shares of Revolution Lighting Technologies during the 3rd quarter worth $3,259,000. Institutional investors own 36.27% of the company’s stock.

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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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