Lsb Industries (NYSE:LXU) Shares Cross Above 200-Day Moving Average - Should You Sell?

Lsb Industries Inc. (NYSE:LXU - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

Lsb Industries Stock Performance

The firm's fifty day simple moving average is $7.68 and its 200 day simple moving average is $7.36. The company has a market capitalization of $601.62 million, a price-to-earnings ratio of -22.62, a PEG ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.51 and a quick ratio of 2.29.

Lsb Industries (NYSE:LXU - Get Free Report) last posted 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 firm had revenue of $143.43 million during the quarter, compared to the consensus estimate of $139.79 million. Lsb Industries had a positive return on equity of 0.97% and a negative net margin of 5.04%. On average, sell-side analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Lsb Industries

Several hedge funds have recently added to or reduced their stakes in the business. CenterBook Partners LP lifted its stake in Lsb Industries by 264.4% in the first quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate's stock valued at $4,151,000 after buying an additional 457,009 shares during the period. Nuveen LLC bought a new stake in Lsb Industries during the first quarter worth $1,226,000. Millennium Management LLC grew its stake in Lsb Industries by 220.9% in the 4th quarter. Millennium Management LLC now owns 248,653 shares of the conglomerate's stock valued at $1,887,000 after purchasing an additional 171,176 shares during the period. American Century Companies Inc. grew its stake in shares of Lsb Industries by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock worth $12,304,000 after acquiring an additional 169,275 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Lsb Industries during the 1st quarter worth $697,000. 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.

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