iRobot (NASDAQ:IRBT) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

iRobot Corporation (NASDAQ:IRBT - Get Free Report)'s stock price passed 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 traded.

Wall Street Analyst Weigh In

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

iRobot Stock Performance

The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 3.28. The stock has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $4.76. The stock has a market cap of $153.79 million, a P/E ratio of -0.62 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IRBT. CWM LLC lifted its stake in shares of iRobot by 2,194.9% during the 1st quarter. CWM LLC now owns 11,314 shares of the industrial products company's stock valued at $31,000 after buying an additional 10,821 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in iRobot in the first quarter valued at $42,000. Strs Ohio purchased a new stake in shares of iRobot during the first quarter worth $59,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in iRobot during the 1st quarter valued at about $69,000. Finally, NewEdge Advisors LLC lifted its holdings in iRobot by 31,130.0% during the 1st quarter. NewEdge Advisors LLC now owns 31,230 shares of the industrial products company's stock worth $84,000 after buying an additional 31,130 shares during the last quarter. 77.42% of the stock is owned by hedge funds and other 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.