iRobot (NASDAQ:IRBT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

iRobot Co. (NASDAQ:IRBT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.37 and traded as high as $9.97. iRobot shares last traded at $9.91, with a volume of 2,895,561 shares changing hands.

Analyst Upgrades and Downgrades

IRBT has been the topic of several analyst reports. 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 reaffirmed a “hold” rating on shares of iRobot in a report on Thursday, November 7th.

iRobot Price Performance

The stock has a market cap of $302.84 million, a P/E ratio of -2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The business’s fifty day moving average price is $7.92 and its 200 day moving average price is $8.37.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $193.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted ($3.09) earnings per share. Sell-side analysts forecast that iRobot Co. will post -5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On iRobot

Several large investors have recently bought and sold shares of IRBT. State Street Corp increased its stake in shares of iRobot by 1.2% in the third quarter. State Street Corp now owns 1,164,040 shares of the industrial products company’s stock valued at $10,116,000 after buying an additional 14,075 shares during the period. Federated Hermes Inc. grew its holdings in iRobot by 2.8% during the 2nd quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock worth $7,260,000 after acquiring an additional 21,982 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of iRobot by 2.9% during 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iRobot by 2,712.4% during the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 386,189 shares during the period. Finally, AQR Capital Management LLC lifted 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 worth $1,789,000 after purchasing an additional 127,602 shares during the period. 77.42% of the stock is currently owned by institutional investors.

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.