Revolution Lighting Technologies, Inc. (RVLT) Rating Lowered to D+ at TheStreet

Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Friday, November 3rd.

Other equities analysts have also issued reports about the company. ValuEngine lowered Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Roth Capital set a $8.00 price target on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, HC Wainwright set a $16.00 price target on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Friday, July 28th.

Shares of Revolution Lighting Technologies (RVLT) opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.60 and a current ratio of 2.41. Revolution Lighting Technologies has a twelve month low of $3.74 and a twelve month high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $43.10 million for the quarter, compared to analysts’ expectations of $42.56 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. sell-side analysts predict that Revolution Lighting Technologies will post -0.42 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. First Manhattan Co. purchased a new position in shares of Revolution Lighting Technologies during the 3rd quarter valued at $100,000. Teachers Advisors LLC purchased a new stake in Revolution Lighting Technologies during the 2nd quarter worth about $143,000. California State Teachers Retirement System purchased a new stake in Revolution Lighting Technologies during the 2nd quarter worth about $144,000. Schwab Charles Investment Management Inc. purchased a new stake in Revolution Lighting Technologies during the 2nd quarter worth about $182,000. Finally, Bank of New York Mellon Corp purchased a new stake in Revolution Lighting Technologies during the 2nd quarter worth about $217,000. 37.33% of the stock is currently owned by hedge funds and other institutional investors.

Revolution Lighting Technologies Company Profile

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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