The stock of LSI Industries, Inc. (NASDAQ:LYTS) hit a new 52-week low and has $7.34 target or 14.00% below today’s $8.54 share price. The 6 months bearish chart indicates high risk for the $205.99 million company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $7.34 price target is reached, the company will be worth $28.84M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 149,938 shares traded hands or 1.60% up from the average. LSI Industries, Inc. (NASDAQ:LYTS) has declined 22.17% since March 30, 2016 and is downtrending. It has underperformed by 25.19% the S&P500.
LSI Industries, Inc. (NASDAQ:LYTS) Ratings Coverage
Out of 3 analysts covering LSI Industries (NASDAQ:LYTS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LSI Industries has been the topic of 4 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Saturday, August 22 by TheStreet. Sidoti initiated the stock with “Buy” rating in Thursday, February 11 report. The stock of LSI Industries, Inc. (NASDAQ:LYTS) has “Buy” rating given on Thursday, August 25 by Roth Capital. The firm has “Buy” rating by TH Capital given on Thursday, August 25.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.29, from 1.25 in 2016Q1. The ratio turned negative, as 10 funds sold all LSI Industries, Inc. shares owned while 35 reduced positions. 13 funds bought stakes while 30 increased positions. They now own 19.47 million shares or 2.38% more from 19.02 million shares in 2016Q1.
Moreover, Wealthtrust Axiom Lc has 3.14% invested in LSI Industries, Inc. (NASDAQ:LYTS) for 738,368 shares. Essex Inv Mngmt Ltd, a Massachusetts-based fund reported 93,436 shares. California Pub Employees Retirement Sys, a California-based fund reported 109,100 shares. The Massachusetts-based Acadian Asset Management Ltd Limited Liability Company has invested 0.01% in LSI Industries, Inc. (NASDAQ:LYTS). Tiaa Cref Mgmt Limited Company, a New York-based fund reported 96,883 shares. Ack Asset last reported 2.4% of its portfolio in the stock. Allianz Asset Management Ag reported 166,201 shares or 0% of all its holdings. Millennium Management Ltd holds 37,446 shares or 0% of its portfolio. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Dimensional Fund Advsr Limited Partnership last reported 1.72M shares in the company. Retail Bank Of Montreal Can holds 16,645 shares or 0% of its portfolio. Blackrock Fund has invested 0% of its portfolio in LSI Industries, Inc. (NASDAQ:LYTS). Ladenburg Thalmann Fincl Serv has invested 0% of its portfolio in LSI Industries, Inc. (NASDAQ:LYTS). Pnc Financial Svcs Grp Inc last reported 0% of its portfolio in the stock. National Bank Of New York Mellon last reported 148,145 shares in the company.
Insider Transactions: Since May 13, 2016, the stock had 1 buy, and 1 sale for $50,411 net activity. Wells Dennis W. bought $19,500 worth of stock or 2,000 shares. KREIDER GARY P sold $69,911 worth of stock.
More important recent LSI Industries, Inc. (NASDAQ:LYTS) news were published by: Streetinsider.com which released: “Form 4 LSI INDUSTRIES INC For: Oct 28 Filed by: Foerster Andrew” on November 01, 2016, also Globenewswire.com published article titled: “LSI Industries Inc. Reports Operating Results for the Year and Fourth Quarter …”, Globenewswire.com published: “LSI Industries Inc. Corrects an Error in Its Biography of Robert A. Steele” on July 21, 2016. More interesting news about LSI Industries, Inc. (NASDAQ:LYTS) was released by: Globenewswire.com and their article: “LSI Industries Inc. Announces New Management Appointments” with publication date: October 01, 2014.
LYTS Company Profile
LSI Industries Inc., incorporated on September 28, 1989, is a well-known provider of corporate visual image solutions. The Firm operates through three divisions: Lighting, Graphics and Technology. The Company’s services and products include digital signage, screen graphics, and structural graphics capabilities. It also offers solutions to both energy retrofit and new construction markets. The Firm creates 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. It also provides a range of lighting control solutions. In addition to designing and producing screen graphics and structural graphics, it creates and produces aspects of its digital signage offering where clients are provided with a solution that includes design, software, hardware content development, implementation, service and support.
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