Todays Report: The Revolution Lighting Technologies Inc. (RVLT) Given a $19.00 Price Target by Roth Capital Analysts

The Revolution Lighting Technologies Inc. (RVLT) Given a $19.00 Price Target by Roth Capital Analysts

Revolution Lighting Technologies Inc. (NASDAQ:RVLT) has been given a $19.00 price target by analysts at Roth Capital in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Roth Capital’s price objective would indicate a potential upside of 237.48% from the stock’s previous close.

Shares of Revolution Lighting Technologies (NASDAQ:RVLT) traded up 2.18% on Wednesday, reaching $5.63. The company had a trading volume of 35,996 shares. Revolution Lighting Technologies has a one year low of $5.16 and a one year high of $9.58. The company’s 50-day moving average is $6.45 and its 200-day moving average is $6.46. The company’s market capitalization is $117.36 million.

Revolution Lighting Technologies (NASDAQ:RVLT) last announced its earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Revolution Lighting Technologies had a negative net margin of 0.39% and a positive return on equity of 2.17%. The company earned $50.20 million during the quarter, compared to analyst estimates of $51.75 million. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. Equities research analysts predict that Revolution Lighting Technologies will post $0.04 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of RVLT. AWM Investment Company Inc. acquired a new stake in Revolution Lighting Technologies during the second quarter valued at $5,871,000. American Financial Group Inc. increased its stake in Revolution Lighting Technologies by 66.7% in the second quarter. American Financial Group Inc. now owns 1,805,070 shares of the company’s stock valued at $11,156,000 after buying an additional 722,500 shares in the last quarter. Royce & Associates LP acquired a new stake in Revolution Lighting Technologies during the second quarter valued at $3,709,000. Penn Capital Management Co. Inc. increased its stake in Revolution Lighting Technologies by 40.1% in the second quarter. Penn Capital Management Co. Inc. now owns 633,959 shares of the company’s stock valued at $3,918,000 after buying an additional 181,613 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Revolution Lighting Technologies during the second quarter valued at $542,000. 20.20% of the stock is owned by institutional investors and hedge funds.

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