Revolution Lighting Technologies Inc (NASDAQ:RVLT)’s share price hit a new 52-week low on Friday . The company traded as low as $2.25 and last traded at $2.39, with a volume of 13720 shares. The stock had previously closed at $2.45.
Separately, HC Wainwright set a $8.00 target price on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Wednesday, May 2nd.
The company has a current ratio of 2.00, a quick ratio of 1.28 and a debt-to-equity ratio of 0.67.
Revolution Lighting Technologies (NASDAQ:RVLT) last announced its earnings results on Thursday, August 2nd. The electronics maker reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Revolution Lighting Technologies had a negative return on equity of 8.96% and a negative net margin of 35.43%. The firm had revenue of $36.44 million for the quarter, compared to the consensus estimate of $40.57 million. analysts anticipate that Revolution Lighting Technologies Inc will post -0.14 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in RVLT. Northpointe Capital LLC grew its holdings in Revolution Lighting Technologies by 81.8% in the second quarter. Northpointe Capital LLC now owns 948,209 shares of the electronics maker’s stock worth $3,821,000 after purchasing an additional 426,531 shares during the period. Systematic Financial Management LP grew its holdings in Revolution Lighting Technologies by 53.8% in the first quarter. Systematic Financial Management LP now owns 646,600 shares of the electronics maker’s stock worth $2,218,000 after purchasing an additional 226,200 shares during the period. Royce & Associates LP grew its holdings in Revolution Lighting Technologies by 5.2% in the second quarter. Royce & Associates LP now owns 1,162,854 shares of the electronics maker’s stock worth $4,686,000 after purchasing an additional 57,400 shares during the period. LMR Partners LLP acquired a new stake in Revolution Lighting Technologies in the second quarter worth $159,000. Finally, Renaissance Technologies LLC acquired a new stake in Revolution Lighting Technologies in the fourth quarter worth $101,000. 40.24% of the stock is owned by institutional investors and hedge funds.
Revolution Lighting Technologies Company Profile
Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.
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