Long Position on LYTS @ $10.95 on 11/23/2022 (Momentum)

LSI Industries Inc. (LYTS) produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. Stockwinners

It operates in two segments, Lighting and Display Solutions.

The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets. This segment also offers lighting control products, including sensors, photocontrols, dimmers, motion detection, and Bluetooth systems to support lighting fixtures; and designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies.

The Display Solutions segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed and structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. This segments products and services include signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, and refrigerated and non-refrigerated merchandising displays. 

Shares have formed a bullish "cup and handle" following the company's latest report and shares are ready to move higher. On November 2nd, LYTS  reported 1st Quarter September 2022 earnings of $0.22 per share on revenue of $127.1 million. The consensus earnings estimate was $0.17 per share on revenue of $117.9 million. Revenue grew 19.4% on a year-over-year basis.

 

Entry Point: $10.95

Stop Loss: $10.00

Trading Range: $5.41 to $11.14

Target Price: $12.50

 

Position closed on 12/8/2022 at price of $12.20 with a 11.42% gain in 14 days.

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