LSI Industries (NASDAQ:LYTS) Upgraded at ValuEngine

LSI Industries (NASDAQ:LYTS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th.

LYTS stock traded up $0.07 during trading on Thursday, reaching $4.10. The company had a trading volume of 42,016 shares, compared to its average volume of 52,101. LSI Industries has a 52 week low of $2.48 and a 52 week high of $5.59. The stock has a market cap of $102.71 million, a P/E ratio of 18.64, a P/E/G ratio of 0.63 and a beta of 1.43. The business’s 50 day moving average price is $3.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.59.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of LSI Industries by 39.0% in the fourth quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock valued at $798,000 after buying an additional 70,628 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of LSI Industries by 10.5% during the 1st quarter. North Star Investment Management Corp. now owns 505,827 shares of the construction company’s stock valued at $1,330,000 after buying an additional 48,152 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of LSI Industries by 0.3% during the 4th quarter. BlackRock Inc. now owns 1,395,900 shares of the construction company’s stock valued at $4,424,000 after buying an additional 3,691 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of LSI Industries by 68.7% during the 1st quarter. Alambic Investment Management L.P. now owns 114,008 shares of the construction company’s stock valued at $300,000 after buying an additional 46,426 shares during the last quarter. Finally, WealthTrust Axiom LLC lifted its holdings in shares of LSI Industries by 6.2% during the 1st quarter. WealthTrust Axiom LLC now owns 924,711 shares of the construction company’s stock valued at $2,431,000 after buying an additional 54,109 shares during the last quarter. 63.09% of the stock is owned by institutional investors.

LSI Industries Company Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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