iRobot (NASDAQ:IRBT) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• iRobot Corporation shares recently crossed above their 200-day moving average, reaching a high of $4.00 before closing at $3.95, with a significant trading volume of 2,727,590 shares.
• Wall Street analysts have mixed opinions on iRobot, with analysts raising the stock rating from "sell" to "hold," giving it a current consensus rating of "Hold."
• In its latest earnings report, iRobot reported earnings per share of ($0.27), surpassing analysts' expectations, alongside a revenue of $127.60 million for the quarter.

Shares of 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 $3.42 and traded as high as $4.00. iRobot shares last traded at $3.95, with a volume of 2,727,590 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IRBT shares. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a research report on Thursday, August 14th. Wall Street Zen raised shares of iRobot from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

iRobot Stock Performance

The company's 50-day simple moving average is $3.92 and its 200 day simple moving average is $3.39. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 3.28. The stock has a market cap of $134.26 million, a P/E ratio of -0.68 and a beta of 0.90.

iRobot (NASDAQ:IRBT - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.64. iRobot had a negative net margin of 32.55% and a negative return on equity of 296.63%. The firm had revenue of $127.60 million for the quarter, compared to analysts' expectations of $125.00 million. As a group, sell-side analysts expect that iRobot Corporation will post -5.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hilltop Partners LLC purchased a new position in shares of iRobot during the 2nd quarter valued at $32,000. Marex Group plc purchased a new position in shares of iRobot during the 2nd quarter valued at $126,000. Headlands Technologies LLC purchased a new position in shares of iRobot during the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC lifted its holdings in shares of iRobot by 636.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 26,062 shares of the industrial products company's stock worth $82,000 after acquiring an additional 22,525 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of iRobot by 163.3% during the 2nd quarter. Tidal Investments LLC now owns 168,749 shares of the industrial products company's stock worth $528,000 after acquiring an additional 104,652 shares during the last quarter. 77.42% of the stock is currently 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.