iRobot (NASDAQ:IRBT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research report sent to investors on Monday.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a report on Thursday, March 13th.

iRobot Stock Performance

Shares of IRBT stock opened at $3.77 on Monday. The company has a market capitalization of $115.47 million, a price-to-earnings ratio of -0.82 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The company has a 50-day simple moving average of $8.00 and a 200 day simple moving average of $7.92. iRobot has a 52 week low of $2.99 and a 52 week high of $14.51.

Institutional Trading of iRobot

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in iRobot in the 4th quarter valued at about $59,000. Quest Partners LLC boosted its holdings in iRobot by 39.8% in the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 3,285 shares during the period. SG Americas Securities LLC bought a new stake in iRobot in the 4th quarter valued at about $97,000. Point72 DIFC Ltd bought a new stake in iRobot in the 3rd quarter valued at about $112,000. Finally, Marathon Trading Investment Management LLC bought a new stake in iRobot in the 3rd quarter valued at about $117,000. Institutional investors own 77.42% of the company’s stock.

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.