Revolution Lighting Technologies, Inc. (RVLT) Downgraded to “Sell” at ValuEngine

Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other equities research analysts also recently issued reports on the company. HC Wainwright set a $16.00 price target on Revolution Lighting Technologies and gave the stock a “buy” rating in a research report on Friday, July 28th. Roth Capital set a $13.00 target price on Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Saturday, July 1st.

Revolution Lighting Technologies (RVLT) traded down 3.60% during trading on Monday, hitting $7.50. The company had a trading volume of 87,421 shares. The stock has a 50-day moving average of $7.26 and a 200 day moving average of $7.44. The company’s market capitalization is $158.02 million. Revolution Lighting Technologies has a one year low of $5.21 and a one year high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last issued its quarterly earnings results on Thursday, July 27th. The electronics maker reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The company had revenue of $43.40 million for the quarter, compared to analyst estimates of $43.53 million. Revolution Lighting Technologies had a positive return on equity of 0.08% and a negative net margin of 1.42%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. Equities analysts forecast that Revolution Lighting Technologies will post $0.21 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. bought a new stake in Revolution Lighting Technologies during the second quarter worth $6,095,000. California State Teachers Retirement System bought a new stake in Revolution Lighting Technologies during the second quarter worth $144,000. State Street Corp bought a new stake in Revolution Lighting Technologies during the second quarter worth $658,000. Dimensional Fund Advisors LP lifted its stake in Revolution Lighting Technologies by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 46,742 shares of the electronics maker’s stock worth $308,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Revolution Lighting Technologies by 24.2% during the second quarter. Vanguard Group Inc. now owns 264,699 shares of the electronics maker’s stock worth $1,744,000 after purchasing an additional 51,586 shares during the last quarter. Hedge funds and other institutional investors own 31.92% of the company’s stock.

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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