Revolution Lighting Technologies Inc (RVLT) Raised to “C” at TheStreet

Revolution Lighting Technologies Inc (NASDAQ:RVLT) was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued on Thursday, April 13th.

Separately, Roth Capital set a $12.00 price target on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a report on Saturday, April 8th.

Revolution Lighting Technologies (NASDAQ:RVLT) traded up 2.60% during mid-day trading on Thursday, reaching $8.29. 33,759 shares of the company were exchanged. The company’s market cap is $173.92 million. The stock’s 50-day moving average is $8.23 and its 200-day moving average is $6.76. Revolution Lighting Technologies has a 12 month low of $5.21 and a 12 month high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings results on Tuesday, May 2nd. The electronics maker reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.01. The firm had revenue of $30.60 million during the quarter, compared to the consensus estimate of $29.25 million. Revolution Lighting Technologies had a positive return on equity of 2.17% and a negative net margin of 0.39%. Equities analysts expect that Revolution Lighting Technologies will post $0.20 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in RVLT. Dimensional Fund Advisors LP raised its position in shares of Revolution Lighting Technologies by 180.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 31,744 shares of the electronics maker’s stock valued at $175,000 after buying an additional 20,444 shares during the period. Geode Capital Management LLC raised its position in shares of Revolution Lighting Technologies by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,967 shares of the electronics maker’s stock valued at $201,000 after buying an additional 366 shares during the period. Ancora Advisors LLC raised its position in shares of Revolution Lighting Technologies by 28.6% in the fourth quarter. Ancora Advisors LLC now owns 45,000 shares of the electronics maker’s stock valued at $247,000 after buying an additional 10,000 shares during the period. Wells Fargo & Company MN raised its position in shares of Revolution Lighting Technologies by 185.6% in the third quarter. Wells Fargo & Company MN now owns 39,455 shares of the electronics maker’s stock valued at $249,000 after buying an additional 25,638 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Revolution Lighting Technologies during the first quarter valued at about $299,000. Institutional investors own 22.23% of the company’s stock.

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.

5 Day Chart for NASDAQ:RVLT

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