RTTNews | Mar 31, 2021 10:08AM EDT

10:07 Wednesday, March 31, 2021 (RTTNews.com) - Acuity Brands, Inc. (AYI) shares are gaining more than 7 percent on Wednesday morning trade as the company reported an increase in net profit for the fourth quarter.

The industrial technology company said its net income for the quarter climbed to $62.9 million or $1.75 per share from $57.2 million or $1.45 per share a year ago.

Currently, shares are at $156.70, up 7.62 percent from the previous close of $145.61. For the 52-week period, the shares have traded in a range of $70.55-$160.00 on average volume of 473,231.

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