Revolution Lighting Technologies (NASDAQ:RVLT) Shares Down 11.1%

Revolution Lighting Technologies Inc (NASDAQ:RVLT)’s share price dropped 11.1% during mid-day trading on Friday . The company traded as low as $0.24 and last traded at $0.24. Approximately 534,900 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 640,414 shares. The stock had previously closed at $0.27.

A hedge fund recently bought a new stake in Revolution Lighting Technologies stock. Bank of New York Mellon Corp bought a new position in Revolution Lighting Technologies Inc (NASDAQ:RVLT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 64,157 shares of the electronics maker’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.29% of Revolution Lighting Technologies as of its most recent SEC filing. Institutional investors own 16.07% of the company’s stock.

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About Revolution Lighting Technologies (NASDAQ:RVLT)

Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.

Further Reading: Fundamental Analysis and Individual Investors

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