Revolution Lighting Technologies Inc (NASDAQ:RVLT) Chairman Robert V. Lapenta acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was bought at an average price of $3.48 per share, with a total value of $87,000.00. Following the acquisition, the chairman now directly owns 975,000 shares of the company’s stock, valued at approximately $3,393,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Revolution Lighting Technologies Inc (RVLT) opened at $3.57 on Friday. Revolution Lighting Technologies Inc has a 52 week low of $2.95 and a 52 week high of $9.17. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $75.92, a PE ratio of -11.52 and a beta of 1.25.
Large investors have recently bought and sold shares of the business. First Manhattan Co. acquired a new position in Revolution Lighting Technologies in the third quarter valued at about $100,000. Teachers Advisors LLC acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $143,000. California State Teachers Retirement System acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $144,000. Schwab Charles Investment Management Inc. acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $182,000. Finally, Renaissance Technologies LLC acquired a new position in Revolution Lighting Technologies in the fourth quarter valued at about $101,000. 40.25% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on RVLT. Roth Capital set a $5.00 price objective on Revolution Lighting Technologies and gave the company a “buy” rating in a report on Thursday, December 28th. TheStreet downgraded Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Finally, HC Wainwright dropped their price objective on Revolution Lighting Technologies from $14.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd.
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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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