iRobot (NASDAQ:IRBT) Shares Cross Above Two Hundred Day Moving Average - What's Next?

iRobot Corporation (NASDAQ:IRBT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.85 and traded as high as $5.17. iRobot shares last traded at $4.76, with a volume of 3,309,126 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of iRobot from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th.

iRobot Price Performance

The company has a market capitalization of $151.77 million, a P/E ratio of -0.61 and a beta of 0.83. The business's 50-day simple moving average is $3.60 and its 200 day simple moving average is $4.71. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 3.28.

Hedge Funds Weigh In On iRobot

Several hedge funds have recently made changes to their positions in IRBT. Public Employees Retirement System of Ohio grew its position in iRobot by 1,240.2% during the second quarter. Public Employees Retirement System of Ohio now owns 56,032 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 51,851 shares in the last quarter. Goldman Sachs Group Inc. grew its position in iRobot by 26.0% during the first quarter. Goldman Sachs Group Inc. now owns 520,039 shares of the industrial products company's stock valued at $1,404,000 after purchasing an additional 107,257 shares in the last quarter. Strs Ohio purchased a new position in iRobot during the first quarter valued at approximately $59,000. NewEdge Advisors LLC grew its position in iRobot by 31,130.0% during the first quarter. NewEdge Advisors LLC now owns 31,230 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 31,130 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in iRobot by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 358,262 shares of the industrial products company's stock valued at $967,000 after purchasing an additional 5,857 shares in 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.