Alert: Negative Investment/Fundamental Signals (11/10/23)-LSI Industries Inc (NASDAQ: LYTS)

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LSI Industries Inc (NASDAQ: LYTS). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.

Recent significant negative changes in fundamentals have affected LSI Industries Inc (NASDAQ: LYTS): the consensus estimate for June, 2024 decreased significantly, and the consensus estimate for June, 2025 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, LYTS is expected to continue to be a Value Builder.

LSI Industries has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. LSI Industries has a neutral Appreciation Score of 44 but a good Power Rating of 78, with the High Neutral Value Trend Rating the result.

Recent Price Action

On 11/10/23, LSI Industries Inc (NASDAQ: LYTS) stock rose modestly by 0.4%, closing at $12.24. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.2% during the last week.

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