Revolution Lighting Technologies (NASDAQ:RVLT) had its price objective decreased by equities researchers at HC Wainwright from $14.00 to $8.00 in a research report issued on Wednesday, January 3rd, MarketBeat Ratings reports. The firm currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s target price points to a potential upside of 137.39% from the company’s previous close.
RVLT has been the subject of several other research reports. ValuEngine lowered shares of Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. TheStreet lowered shares of Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a research note on Friday, November 3rd. Finally, Roth Capital set a $8.00 price target on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Friday, October 27th.
Shares of Revolution Lighting Technologies (NASDAQ:RVLT) opened at $3.37 on Wednesday. Revolution Lighting Technologies has a 12-month low of $2.95 and a 12-month high of $9.17. The stock has a market cap of $73.16, a PE ratio of -10.87 and a beta of 1.98. 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $42.56 million. Revolution Lighting Technologies had a negative net margin of 3.94% and a negative return on equity of 2.39%. Revolution Lighting Technologies’s revenue was down 14.1% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. analysts predict that Revolution Lighting Technologies will post -0.62 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. acquired a new stake in Revolution Lighting Technologies during the second quarter worth approximately $6,095,000. Signia Capital Management LLC increased its holdings in shares of Revolution Lighting Technologies by 2.2% in the 3rd quarter. Signia Capital Management LLC now owns 850,212 shares of the electronics maker’s stock valued at $5,526,000 after acquiring an additional 18,499 shares during the period. Cowen Prime Services LLC acquired a new position in shares of Revolution Lighting Technologies in the 3rd quarter valued at $4,428,000. Northpointe Capital LLC acquired a new position in shares of Revolution Lighting Technologies in the 3rd quarter valued at $3,259,000. Finally, Systematic Financial Management LP acquired a new position in shares of Revolution Lighting Technologies in the 2nd quarter valued at $3,062,000. 36.27% of the stock is currently owned by institutional investors.
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About Revolution Lighting Technologies
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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