LSI Industries (NASDAQ:LYTS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of LSI Industries Inc. (NASDAQ:LYTS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.20 and traded as high as $23.85. LSI Industries shares last traded at $23.44, with a volume of 139,463 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYTS shares. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Wall Street Zen raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, LSI Industries presently has an average rating of “Buy” and a consensus price target of $27.67.

LSI Industries Trading Down 1.2%

The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $21.42 and its 200 day simple moving average is $18.20. The stock has a market capitalization of $716.51 million, a P/E ratio of 29.67 and a beta of 0.26.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The firm had revenue of $155.07 million for the quarter, compared to analysts’ expectations of $138.89 million. Equities research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. LSI Industries’s payout ratio is presently 25.32%.

Insiders Place Their Bets

In other LSI Industries news, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $613,858.76. Following the sale, the chief executive officer owned 421,313 shares in the company, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the sale, the vice president owned 114,016 shares in the company, valued at approximately $2,631,489.28. The trade was a 6.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,780 shares of company stock worth $2,198,983. Company insiders own 7.30% of the company’s stock.

Institutional Trading of LSI Industries

Hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of LSI Industries in the first quarter worth approximately $34,000. EverSource Wealth Advisors LLC acquired a new position in LSI Industries in the second quarter worth approximately $47,000. BNP Paribas Financial Markets increased its holdings in LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after buying an additional 736 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in LSI Industries by 141.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock worth $74,000 after buying an additional 2,555 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after buying an additional 3,206 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.