Emerald Acquisition Ltd. bought a new position in shares of Revolution Lighting Technologies Inc. (NASDAQ:RVLT) during the second quarter, Holdings Channel reports. The institutional investor bought 87,640 shares of the company’s stock, valued at approximately $542,000. Emerald Acquisition Ltd. owned approximately 0.46% of Revolution Lighting Technologies as of its most recent filing with the SEC.
Revolution Lighting Technologies Inc. (NASDAQ:RVLT) traded up 3.4758% during midday trading on Tuesday, reaching $6.8501. 27,768 shares of the company traded hands. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $6.35. Revolution Lighting Technologies Inc. has a 12 month low of $5.16 and a 12 month high of $10.60. The stock’s market capitalization is $142.36 million.
Revolution Lighting Technologies (NASDAQ:RVLT) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. Revolution Lighting Technologies had a negative net margin of 1.68% and a positive return on equity of 3.03%. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $27.20 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 58.5% on a year-over-year basis. Analysts forecast that Revolution Lighting Technologies Inc. will post $0.16 EPS for the current fiscal year.
About Revolution Lighting Technologies
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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