Revolution Lighting Technologies Inc (NASDAQ:RVLT) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $5.98 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Revolution Lighting Technologies an industry rank of 202 out of 255 based on the ratings given to its competitors.
Separately, HC Wainwright set a $8.00 price objective on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Wednesday, May 2nd.
Revolution Lighting Technologies stock traded down $0.21 during midday trading on Thursday, reaching $2.46. The stock had a trading volume of 430,347 shares, compared to its average volume of 131,437. Revolution Lighting Technologies has a twelve month low of $2.25 and a twelve month high of $7.89. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 0.67.
Revolution Lighting Technologies (NASDAQ:RVLT) last posted its quarterly earnings data on Thursday, August 2nd. The electronics maker reported ($0.04) EPS 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 during the quarter, compared to analyst estimates of $40.57 million. research analysts predict that Revolution Lighting Technologies will post -0.14 earnings per share for the current year.
Several large investors have recently modified their holdings of RVLT. Northpointe Capital LLC boosted its stake in shares of Revolution Lighting Technologies by 81.8% during the 2nd quarter. Northpointe Capital LLC now owns 948,209 shares of the electronics maker’s stock valued at $3,821,000 after buying an additional 426,531 shares during the period. Systematic Financial Management LP boosted its stake in shares of Revolution Lighting Technologies by 53.8% during the 1st quarter. Systematic Financial Management LP now owns 646,600 shares of the electronics maker’s stock valued at $2,218,000 after buying an additional 226,200 shares during the period. Royce & Associates LP boosted its stake in shares of Revolution Lighting Technologies by 5.2% during the 2nd quarter. Royce & Associates LP now owns 1,162,854 shares of the electronics maker’s stock valued at $4,686,000 after buying an additional 57,400 shares during the period. LMR Partners LLP acquired a new stake in shares of Revolution Lighting Technologies during the 2nd quarter valued at $159,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Revolution Lighting Technologies during the 4th quarter valued at $101,000. 40.24% of the stock is owned by institutional investors.
About Revolution Lighting Technologies
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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