Canaccord Genuity Assumes LSI Industries to Neutral

Brokerage firm Canaccord Genuity Assumes its rating on LSI Industries(NASDAQ:LYTS). The shares have been rated Neutral. The rating by Canaccord Genuity was issued on Sep 23, 2016.

In a different note, Roth Capital said it Initiates Coverage on LSI Industries, according to a research note issued on Aug 24, 2016. The shares have been rated ‘Buy’ by the firm.

LSI Industries (LYTS) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -1.63% at a volume of 1,30,112. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.06. The peak price level was also seen at $11.06 while the days lowest was $10.71. Finally the shares closed at $10.85. The 52-week high of the shares is $13.45 while the 52-week low is $7.8935. According to the latest information available, the market cap of the company is $271 M.

LSI Industries(LYTS) last announced its earnings results on Aug 18, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $80.84M. Analysts had an estimated revenue of $79.80M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Gary P Kreider (director) sold 5,754 shares at $12.15 per share price.Also, On Mar 10, 2016, Ronald S Stowell (VP, CFO and Treasurer) sold 22,000 shares at $11.20 per share price.On Feb 3, 2016, James P/ Sferra (director) sold 30,000 shares at $11.12 per share price, according to the Form-4 filing with the securities and exchange commission.

LSI Industries Inc. is a provider of corporate visual image solutions through the combination of digital and screen graphics capabilities various indoor and outdoor lighting products lighting control systems and related professional services. The Company operates through three segments: Lighting Segment Graphics Segment and Technology Segment. It also provides digital solid-state light emitting diode (LED) video screens to sports stadiums and arenas. The Company’s Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial industrial niche and multi-site retail markets including the petroleum/convenience store quick-service and automotive markets. Its Graphics Segment designs manufactures and installs exterior and interior visual image elements. Its Technology Segment designs engineers and manufactures electronic circuit boards assemblies and sub-assemblies and various control system products among others.

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