Revolution Lighting Technologies, Inc. (RVLT) Stock Rating Reaffirmed by HC Wainwright

Revolution Lighting Technologies, Inc. (NASDAQ:RVLT)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued on Friday, October 27th.

RVLT has been the subject of a number of other research reports. Roth Capital set a $13.00 target price on Revolution Lighting Technologies and gave the stock a “buy” rating in a report on Saturday, July 1st. ValuEngine lowered Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research report on Monday, September 18th.

Revolution Lighting Technologies (RVLT) opened at $4.38 on Friday. Revolution Lighting Technologies has a fifty-two week low of $4.27 and a fifty-two week high of $9.17. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.43.

Revolution Lighting Technologies (NASDAQ:RVLT) last issued its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $42.56 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. analysts anticipate that Revolution Lighting Technologies will post -0.42 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cowen Prime Services LLC bought a new stake in shares of Revolution Lighting Technologies in the 3rd quarter valued at about $4,428,000. Lapides Asset Management LLC boosted its position in shares of Revolution Lighting Technologies by 24.9% during the 3rd quarter. Lapides Asset Management LLC now owns 118,400 shares of the electronics maker’s stock valued at $770,000 after purchasing an additional 23,600 shares in the last quarter. First Manhattan Co. bought a new stake in shares of Revolution Lighting Technologies during the 3rd quarter valued at about $100,000. Northpointe Capital LLC bought a new stake in shares of Revolution Lighting Technologies during the 3rd quarter valued at about $3,259,000. Finally, AWM Investment Company Inc. bought a new stake in shares of Revolution Lighting Technologies during the 2nd quarter valued at about $6,095,000. Hedge funds and other institutional investors own 34.05% 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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