Roth Capital Analysts Give Revolution Lighting Technologies (RVLT) a $5.00 Price Target

Roth Capital set a $5.00 price target on Revolution Lighting Technologies (NASDAQ:RVLT) in a research report released on Thursday. The brokerage currently has a buy rating on the electronics maker’s stock.

A number of other analysts have also recently weighed in on RVLT. ValuEngine cut Revolution Lighting Technologies from a hold rating to a sell rating in a research report on Monday, September 18th. HC Wainwright reaffirmed a buy rating and set a $16.00 price objective on shares of Revolution Lighting Technologies in a research report on Monday, September 25th. Finally, TheStreet cut Revolution Lighting Technologies from a c- rating to a d+ rating in a research report on Friday, November 3rd.

Shares of Revolution Lighting Technologies (RVLT) opened at $3.29 on Thursday. Revolution Lighting Technologies has a 1 year low of $2.95 and a 1 year high of $9.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.60.

Revolution Lighting Technologies (NASDAQ:RVLT) last posted its quarterly earnings data on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share 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 company had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $42.56 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. equities analysts predict that Revolution Lighting Technologies will post -0.5 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Revolution Lighting Technologies in the 2nd quarter valued at approximately $217,000. Northern Trust Corp lifted its holdings in shares of Revolution Lighting Technologies by 479.9% in the 2nd quarter. Northern Trust Corp now owns 123,678 shares of the electronics maker’s stock valued at $815,000 after buying an additional 102,352 shares during the period. Signia Capital Management LLC lifted its holdings in shares of Revolution Lighting Technologies by 15.0% in the 2nd quarter. Signia Capital Management LLC now owns 831,713 shares of the electronics maker’s stock valued at $5,481,000 after buying an additional 108,691 shares during the period. Cowen Prime Services LLC acquired a new stake in shares of Revolution Lighting Technologies in the 3rd quarter valued at approximately $4,428,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of Revolution Lighting Technologies in the 2nd quarter valued at approximately $6,095,000. 36.27% of the stock is owned by institutional investors and hedge funds.

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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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