Lsb Industries (NYSE:LXU) Stock Passes Above 200 Day Moving Average - Here's What Happened

Lsb Industries Inc. (NYSE:LXU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.36 and traded as high as $8.52. Lsb Industries shares last traded at $8.37, with a volume of 295,944 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Lsb Industries from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Finally, Piper Sandler set a $10.00 target price on shares of Lsb Industries in a research note on Thursday, March 27th.

Lsb Industries Price Performance

The company's fifty day moving average is $7.68 and its two-hundred day moving average is $7.36. The firm has a market capitalization of $610.60 million, a price-to-earnings ratio of -22.96, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The company has a quick ratio of 2.29, a current ratio of 2.51 and a debt-to-equity ratio of 0.97.

Lsb Industries (NYSE:LXU - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $143.43 million during the quarter, compared to analyst estimates of $139.79 million. Lsb Industries had a negative net margin of 5.04% and a positive return on equity of 0.97%. Equities research analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. NBC Securities Inc. boosted its position in shares of Lsb Industries by 394,900.0% during the first quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate's stock worth $26,000 after purchasing an additional 3,949 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Lsb Industries by 157.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock worth $28,000 after acquiring an additional 2,230 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Lsb Industries in the first quarter worth about $29,000. GAMMA Investing LLC increased its holdings in shares of Lsb Industries by 21,016.0% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate's stock worth $35,000 after acquiring an additional 5,254 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Lsb Industries during the first quarter worth about $69,000. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.