It is currently trading at $6.95 which is marginally over $6.61, the 50 day moving average and slightly below the 200 day moving average of $7.71. The 50 day moving average went up $0.34 or +5.06% and the 200 day average was down $-0.76. LSI Industries Inc. shares had a trading volume of 81K on Tuesday. Volume was down 10.52% under the stocks average daily volume.
Traders are a little more bullish on LSI Industries Inc. of late if you evaluate the fall in short interest. The company realized a fall in short interest of -30.90% as of the latest report on October 13, 2017. Short shares decreased 95,102 over that period. The days to cover decreased to 2.0 and the short interest percentage is 0.01% as of October 13.
Here is a rundown on some insider market activity for LSI Industries Inc. (NASDAQ:LYTS). Howard E. Japlon, Exec.VP, HR & GC, Secretary disclosed the purchase of 10,000 shares of (LYTS). The shares were bought on September 14th for an average price of $5.90. The Exec.VP, HR & GC, Secretary now owns $109,150 of the stock according to the SEC filing.
These firms have modified their investment in LYTS. As of the end of the quarter Genesee Valley Trust CO had disposed of 90 shares trimming its stake by 0.8%. The value of the investment in (LYTS) went from $103,000 to $74,000 a change of $29,000 quarter to quarter. North Star Investment Management Corp. augmented its holdings by buying 62,585 shares an increase of 20.8% from 06/30/2017 to 09/30/2017. North Star Investment Management Corp. owns 363,534 shares worth $2,403,000. The value of the position overall is down by 11.8%.
As of quarter end Creative Planning had sold a total of 10,975 shares trimming its position 24.7%. The value of the investment in LYTS decreased from $402,000 to $221,000 decreasing 45.0% since the last quarter. Meeder Asset Management Inc reduced its ownership by selling 364 shares a decrease of 53.7% as of 09/30/2017. Meeder Asset Management Inc now holds 314 shares valued at $2,000. The total value of its holdings decreased 66.7%.
The company is trading up by 4.98% percent from yesterday’s close. Additionally the company recently announced a dividend for shareholders to be paid on Tuesday the 14th of November 2017. The dividend will be $0.050 per share for the quarter or $0.20 on an annualized basis. This dividend amount will represent a yield of $3.01. The ex-dividend date is as of Thursday the 24th of August 2017.
The P/E ratio is 58.90 and the market cap of the company is 177.27M. In the last earnings report the EPS was $0.12 and is expected to be $0.20 for the current year with 25,507,000 shares outstanding. Next quarter’s EPS is forecasted at $0.03 with next year’s EPS anticipated to be $0.33.
LSI Industries Inc., launched on September 28, 1989, is a provider of corporate visual image solutions. The Company operates through three segments: Lighting, Graphics and Technology. The Business’s products and services include digital signage, screen graphics, and structural graphics capabilities. It also offers solutions to both energy retrofit and new construction markets. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product. It also provides a range of lighting control solutions. In addition to designing and producing screen graphics and structural graphics, it designs and produces aspects of its digital signage offering where customers are provided with a solution that includes design, software, hardware content development, implementation, service and support..