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

iRobot Co. (NASDAQ:IRBT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Stock Up 24.7 %

The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $302.84 million, a price-to-earnings ratio of -2.15 and a beta of 0.80. The business has a 50-day moving average price of $7.92 and a 200-day moving average price of $8.36.

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

Institutional Investors Weigh In On iRobot

Several institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of iRobot by 72.6% during the second 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 during the period. Quest Partners LLC increased 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 buying an additional 3,285 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iRobot by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock valued at $1,491,000 after buying an additional 3,956 shares in the last quarter. nVerses Capital LLC bought a new position in shares of iRobot during the 3rd quarter worth about $39,000. Finally, BNP Paribas Financial Markets boosted its position in shares of iRobot by 37.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock valued at $184,000 after acquiring an additional 5,709 shares in the last quarter. 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.