iRobot (NASDAQ:IRBT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

iRobot Co. (NASDAQ:IRBT)’s share price 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 traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, November 7th. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Stock Down 0.7 %

The stock has a market capitalization of $253.64 million, a price-to-earnings ratio of -1.80 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 has a fifty day moving average of $8.11 and a 200 day moving average of $8.43.

iRobot (NASDAQ:IRBT) last posted its 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. The company had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.09) earnings per share. As a group, equities analysts predict that iRobot Co. will post -5.74 earnings per share for the current year.

Institutional Investors Weigh In On iRobot

A number of institutional investors have recently made changes to their positions in IRBT. State Street Corp boosted its position in shares of iRobot by 1.2% during the 3rd quarter. State Street Corp now owns 1,164,040 shares of the industrial products company’s stock worth $10,116,000 after purchasing an additional 14,075 shares during the period. Federated Hermes Inc. boosted its position in shares of iRobot by 2.8% during the second quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock worth $7,260,000 after buying an additional 21,982 shares during the period. Geode Capital Management LLC boosted its position 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 worth $5,880,000 after buying an additional 19,233 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iRobot by 2,712.4% in the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock valued at $3,480,000 after buying an additional 386,189 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of iRobot by 185.4% in the 2nd 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 period. 77.42% of the stock is currently 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.