Lsb Industries (NYSE:LXU) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Lsb Industries stock has surpassed its 200-day moving average, trading as high as $7.90, and closed at $7.78 with a volume of 329,976 shares.
• Analysts from UBS Group downgraded Lsb Industries from a "buy" to a "neutral" rating with a price target of $9.25, while the stock holds a consensus target price of $9.75.
• The company reported a quarterly loss of $0.04 EPS, missing the analysts' estimates and generating revenue of $151.30 million, below the expected $156.76 million.

Lsb Industries Inc. (NYSE:LXU - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.42 and traded as high as $7.90. Lsb Industries shares last traded at $7.78, with a volume of 329,976 shares traded.

Analyst Ratings Changes

Separately, UBS Group cut Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price objective for the company. in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.75.

Lsb Industries Trading Down 1.3%

The company has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.39. The company has a market capitalization of $559.41 million, a P/E ratio of -16.90 and a beta of 0.70.

Lsb Industries (NYSE:LXU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The conglomerate reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The business had revenue of $151.30 million during the quarter, compared to the consensus estimate of $156.76 million. Lsb Industries had a negative return on equity of 0.34% and a negative net margin of 6.15%. On average, analysts forecast that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Lsb Industries by 1.8% during the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate's stock worth $700,000 after buying an additional 1,616 shares in the last quarter. Humankind Investments LLC grew its position in Lsb Industries by 12.1% during the first quarter. Humankind Investments LLC now owns 16,372 shares of the conglomerate's stock worth $108,000 after buying an additional 1,769 shares in the last quarter. MetLife Investment Management LLC grew its position in Lsb Industries by 9.4% during the first quarter. MetLife Investment Management LLC now owns 29,108 shares of the conglomerate's stock worth $192,000 after buying an additional 2,507 shares in the last quarter. Royal Bank of Canada grew its position in Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate's stock worth $257,000 after buying an additional 2,692 shares in the last quarter. Finally, Diversified Trust Co grew its position in Lsb Industries by 17.6% during the first quarter. Diversified Trust Co now owns 18,419 shares of the conglomerate's stock worth $121,000 after buying an additional 2,759 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

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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