Boston, MA 06/17/2013 (wallstreetpr) – The shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) had surged by 11.11 percent to close at $4.38 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $3.95 to $4.49 per share for the day, thereby pushing Revolution Lighting Technologies Inc (NASDAQ:RVLT) to record new 52 week high price level at $4.49 per share. The company has recorded 52 week low price level at $0.11 per share.
Revolution Lighting Technologies Inc (NASDAQ:RVLT) is primarily engaged in the design, development, marketing and sales of commercial grade light emitting diode (LED) replacement light bulbs and LED based signage, channel letter and contour lighting products. The company which was formerly known as Nexxus Lighting Inc. operates its business through two major segments namely LED replacement lamps and segment and LED signage and lighting strips segment.
The two major brands under which the products of Revolution Lighting Technologies Inc (NASDAQ:RVLT) are sold include Array Lighting and Lumificient brands and the products are majorly sold to commercial, hospitality, institutional, retail and sign markets. The shares of the LED lighting products company had recently been witnessing a rally of increase in share prices and trading volumes owing to the positive article about the company reported by the Motley Fool article.
Revolution Lighting Technologies Inc (NASDAQ:RVLT) had witnessed the trade of 3.67 million shares on Friday, while the average trading volume for the company is at 1.19 million shares per day. The company presently holds 35.01 million shares outstanding in the market with an institutional ownership of 19 percent of its holdings.