NEW YORK (TheStreet) -- Shares of Revolution Lighting Technologies (RVLT) are up 29.69% to $1.66 on heavy trading volume after the global provider of advanced LED lighting solutions announced today that it has entered into a strategic distribution partnership with Fastenal Co. (FAST) .
Minnesota-based Fastenal is one of the largest Maintenance, Repair and Operations (MRO) suppliers in the U.S. Under the terms, through its U.S. stores and distribution centers, Fastenal will stock and make available a variety of Revolution Lighting Technologies' LED products.
"Revolution Lighting gains a market leading partner that will facilitate our entry into the large MRO marketplace," the company said.
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About 1.93 million shares of Revolution Lighting Technologies changed hands by 11:42 a.m. in New York, compared to the average of 595,036 shares.
Separately, TheStreet Ratings team rates REVOLUTION LIGHTING TECHNLGS as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate REVOLUTION LIGHTING TECHNLGS (RVLT) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."