Revolution Lighting Technologies (RVLT) Trading Down 9.2%

Revolution Lighting Technologies Inc (NASDAQ:RVLT)’s share price was down 9.2% during mid-day trading on Thursday . The company traded as low as $0.58 and last traded at $0.59. Approximately 864,486 shares were traded during mid-day trading, an increase of 336% from the average daily volume of 198,258 shares. The stock had previously closed at $0.65.

Separately, Roth Capital dropped their price target on Revolution Lighting Technologies from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th.

The company has a market capitalization of $14.61 million, a PE ratio of -1.74 and a beta of 0.50. The company has a quick ratio of 1.57, a current ratio of 2.38 and a debt-to-equity ratio of 0.81.

Several hedge funds have recently added to or reduced their stakes in RVLT. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Revolution Lighting Technologies in the 3rd quarter worth $157,000. LMR Partners LLP purchased a new position in shares of Revolution Lighting Technologies in the 2nd quarter worth $159,000. UBS Group AG boosted its stake in shares of Revolution Lighting Technologies by 47.0% in the 1st quarter. UBS Group AG now owns 52,191 shares of the electronics maker’s stock worth $179,000 after buying an additional 16,689 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Revolution Lighting Technologies in the 2nd quarter worth $245,000. Finally, Ancora Advisors LLC boosted its stake in shares of Revolution Lighting Technologies by 1,137.5% in the 3rd quarter. Ancora Advisors LLC now owns 212,000 shares of the electronics maker’s stock worth $602,000 after buying an additional 194,869 shares during the last quarter. Hedge funds and other institutional investors own 33.17% of the company’s stock.

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Revolution Lighting Technologies Company Profile (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.

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