Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Friday, November 3rd.
Other analysts also recently issued reports about the company. Roth Capital set a $8.00 target price on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Friday, October 27th. HC Wainwright reiterated a “buy” rating on shares of Revolution Lighting Technologies in a research note on Friday, October 27th. Finally, ValuEngine downgraded Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research note on Monday, September 18th.
Shares of Revolution Lighting Technologies (NASDAQ RVLT) traded down $0.13 during trading hours on Friday, reaching $4.07. The company had a trading volume of 346,100 shares, compared to its average volume of 92,164. Revolution Lighting Technologies has a 1-year low of $3.74 and a 1-year high of $9.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.60 and a current ratio of 2.41.
Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings data on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $42.56 million. During the same quarter last year, the business posted $0.11 EPS. Revolution Lighting Technologies’s revenue for the quarter was down 14.1% on a year-over-year basis. analysts anticipate that Revolution Lighting Technologies will post -0.42 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in shares of Revolution Lighting Technologies in the 2nd quarter worth approximately $217,000. Signia Capital Management LLC raised its holdings in Revolution Lighting Technologies by 15.0% during the 2nd quarter. Signia Capital Management LLC now owns 831,713 shares of the electronics maker’s stock valued at $5,481,000 after acquiring an additional 108,691 shares during the period. AWM Investment Company Inc. bought a new stake in Revolution Lighting Technologies during the 2nd quarter valued at $6,095,000. Northpointe Capital LLC bought a new stake in Revolution Lighting Technologies during the 3rd quarter valued at $3,259,000. Finally, Systematic Financial Management LP bought a new stake in Revolution Lighting Technologies during the 2nd quarter valued at $3,062,000. 34.22% of the stock is currently owned by institutional investors.
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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