iRobot (NASDAQ:IRBT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of iRobot Co. (NASDAQ:IRBT) passed 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 changing hands.

Analyst Ratings Changes

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

iRobot Stock Performance

The company’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $8.44. The stock has a market capitalization of $249.97 million, a price-to-earnings ratio of -1.78 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 released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm had revenue of $193.40 million for the quarter, compared to analyst estimates of $218.41 million. During the same quarter in the previous year, the company posted ($3.09) EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that iRobot Co. will post -5.74 EPS for the current year.

Institutional Trading of iRobot

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in iRobot by 2.9% in the third quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock valued at $5,880,000 after acquiring an additional 19,233 shares during the period. Barclays PLC grew its position in iRobot by 250.1% in the 3rd quarter. Barclays PLC now owns 37,369 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 26,694 shares during the period. BNP Paribas Financial Markets raised its holdings in iRobot by 37.0% during the third quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock worth $184,000 after buying an additional 5,709 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of iRobot in the third quarter valued at $1,556,000. Finally, AQR Capital Management LLC grew its holdings in shares of iRobot by 185.4% during the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after buying an additional 127,602 shares during the last quarter. Institutional investors and hedge funds 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.