Revolution Lighting Technologies (RVLT) Given Buy Rating at HC Wainwright
Revolution Lighting Technologies (NASDAQ:RVLT)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Tuesday. They presently have a $8.00 price target on the electronics maker’s stock. HC Wainwright’s price target indicates a potential upside of 103.05% from the company’s current price.
Separately, Roth Capital set a $5.00 price objective on Revolution Lighting Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th.
Shares of Revolution Lighting Technologies (RVLT) opened at $3.94 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.79 and a quick ratio of 1.19. Revolution Lighting Technologies has a twelve month low of $2.95 and a twelve month high of $9.17.
In related news, Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average cost of $3.88 per share, with a total value of $97,000.00. Following the acquisition, the chairman now owns 100,000 shares of the company’s stock, valued at approximately $388,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Depalma acquired 20,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 215,000 shares in the company, valued at approximately $722,400. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,095,000 shares of company stock valued at $3,927,450 over the last three months. Corporate insiders own 41.97% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Revolution Lighting Technologies in the fourth quarter valued at approximately $101,000. Deutsche Bank AG grew its holdings in shares of Revolution Lighting Technologies by 193.4% in the fourth quarter. Deutsche Bank AG now owns 42,573 shares of the electronics maker’s stock valued at $139,000 after acquiring an additional 28,065 shares in the last quarter. Teachers Advisors LLC bought a new position in shares of Revolution Lighting Technologies in the second quarter valued at approximately $143,000. California State Teachers Retirement System bought a new position in shares of Revolution Lighting Technologies in the second quarter valued at approximately $144,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Revolution Lighting Technologies in the second quarter valued at approximately $182,000. 42.51% of the stock is owned by institutional investors.
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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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