TheStreet lowered shares of LSI Industries Inc. (NASDAQ:LYTS) from a b- rating to a c+ rating in a research report report published on Thursday morning.

LYTS has been the subject of a number of other research reports. Zacks Investment Research lowered shares of LSI Industries from a hold rating to a sell rating in a research note on Tuesday, May 2nd. Roth Capital lowered shares of LSI Industries from a buy rating to a hold rating and dropped their price target for the stock from $13.00 to $7.00 in a research note on Friday, August 4th. Finally, Canaccord Genuity restated a buy rating and issued a $9.00 price target on shares of LSI Industries in a research note on Monday, August 7th.

Shares of LSI Industries (NASDAQ:LYTS) traded down 0.53% on Thursday, hitting $5.58. 92,462 shares of the stock traded hands. The firm’s 50-day moving average is $8.26 and its 200 day moving average is $9.12. The firm has a market cap of $141.73 million, a P/E ratio of 39.57 and a beta of 1.56. LSI Industries has a 12-month low of $5.45 and a 12-month high of $11.55.

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Hedge funds have recently modified their holdings of the company. Genesee Valley Trust Co. bought a new stake in shares of LSI Industries during the second quarter worth about $103,000. American International Group Inc. raised its stake in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares during the period. Alliancebernstein L.P. bought a new stake in shares of LSI Industries during the second quarter worth about $152,000. PNC Financial Services Group Inc. raised its stake in shares of LSI Industries by 118.0% in the second quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock worth $159,000 after buying an additional 9,600 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after buying an additional 2,645 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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