Revolution Lighting Technologies (NASDAQ:RVLT) Shares Down 27.6%

Shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) dropped 27.6% during mid-day trading on Friday . The stock traded as low as $0.40 and last traded at $0.42, approximately 6,980,354 shares traded hands during trading. An increase of 611% from the average daily volume of 981,761 shares. The stock had previously closed at $0.58.

The company’s 50-day moving average is $0.26.

An institutional investor recently raised its position in Revolution Lighting Technologies stock. Advisor Group Inc. increased its stake in shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) by 72.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418,477 shares of the electronics maker’s stock after buying an additional 175,954 shares during the quarter. Advisor Group Inc. owned 1.86% of Revolution Lighting Technologies worth $169,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.07% of the company’s stock.

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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