iRobot (NASDAQ:IRBT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

iRobot Co. (NASDAQ:IRBT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.44 and traded as high as $9.45. iRobot shares last traded at $8.18, with a volume of 3,123,413 shares.

Analysts Set New Price Targets

Several research firms recently commented on IRBT. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research note on Thursday, November 7th.

iRobot Stock Down 0.7 %

The business has a 50-day moving average price of $8.11 and a 200-day moving average price of $8.43. The stock has a market cap of $253.64 million, a PE ratio of -1.80 and a beta of 0.80. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted ($3.09) earnings per share. As a group, analysts forecast that iRobot Co. will post -5.74 earnings per share for the current year.

Institutional Trading of iRobot

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in iRobot by 72.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 3,175 shares in the last quarter. Quest Partners LLC raised its position in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after buying an additional 3,285 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of iRobot by 28.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company’s stock worth $121,000 after buying an additional 3,448 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iRobot by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock worth $1,491,000 after acquiring an additional 3,956 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in iRobot during the 3rd quarter valued at about $39,000. 77.42% of the stock is owned by institutional investors and hedge funds.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.