Icahn Enterprises (NASDAQ:IEP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.04 and traded as low as $8.82. Icahn Enterprises shares last traded at $9.36, with a volume of 1,707,419 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Icahn Enterprises from a "sell" rating to a "hold" rating in a report on Saturday, May 17th.

Icahn Enterprises Trading Up 4.7%

The firm has a market capitalization of $5.11 billion, a PE ratio of -5.67 and a beta of 0.77. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.82. The business's fifty day moving average price is $8.59 and its 200 day moving average price is $9.04.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last released its earnings results on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.98). The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.63 billion. Icahn Enterprises had a negative net margin of 8.55% and a negative return on equity of 17.64%. As a group, analysts expect that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Monday, May 19th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 21.37%. Icahn Enterprises's dividend payout ratio (DPR) is -121.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Icahn Enterprises during the fourth quarter worth $969,000. Moors & Cabot Inc. lifted its position in shares of Icahn Enterprises by 8.1% during the fourth quarter. Moors & Cabot Inc. now owns 48,355 shares of the conglomerate's stock worth $419,000 after purchasing an additional 3,642 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Icahn Enterprises during the fourth quarter worth $447,000. Virtu Financial LLC acquired a new position in shares of Icahn Enterprises during the fourth quarter worth $856,000. Finally, Caz Investments LP acquired a new position in shares of Icahn Enterprises during the fourth quarter worth $87,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.