Revolution Lighting Technologies Inc. (NASDAQ:RVLT) shares grew 16% in Thursday’s trading session. There was no particular new news to support this rally. Higher share volume aided the stock price to generate a strong growth.

After the rally, RVLT stock is currently trading around $4.16, down significantly from the 52-week high of $9.17. Revolution Lighting Technologies shares declined 45% in the past twelve months, down 70% in the past three years.

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Traders are blaming lower than expected results in the past quarters for a huge decline in its stock price. Moreover, Revolution Lighting has also narrowed the outlook for the final quarter and fiscal 2017. It expects fourth-quarter revenue to stand in the range of $35M, sharply lower from the earlier guidance of $47M to $50M.

The slow recovery in Texas after the hurricane have impacted the financial numbers for the fourth quarter.

Moreover, Revolution Lighting claims to generate revenue of $152 million in fiscal 2017, compared to earlier guidance of $165M to $170M. In fiscal 2016, the company had generated revenue of $172 million, higher from the guidance of FY2017.

“I am confident that the actions that we are taking will significantly improve our Company, our operations and our business prospects,” said Robert V. LaPenta, Chairman, CEO and President of Revolution Lighting Technologies. “Our reorganized leadership team is excited about the current position of the Company, and we look forward to a great 2018 and beyond.”

Due to the huge decline in RVLT stock price, the stock looks attractive trading around 0.6 times to book ratio and 0.4 times sales, when the industry average is around 2.8 and 1.9 times, respectively. The latest share price signifies that investors are looking to capitalize on attractive valuations and the huge dip in price. Moreover, the company has presented the improved outlook for FY2018, with expectation for revenue of $165M to $175M and adjusted EBITDA and cash flow in the 8% to 10% range.

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