iRobot (NASDAQ:IRBT) Stock Price Crosses Above 200 Day Moving Average - What's Next?

iRobot Co. (NASDAQ:IRBT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.44 and traded as high as $9.45. iRobot shares last traded at $8.18, with a volume of 3,123,413 shares.

Wall Street Analysts Forecast Growth

IRBT has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a research note on Sunday, October 27th.

iRobot Stock Up 2.2 %

The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $255.47 million, a P/E ratio of -1.82 and a beta of 0.80. The stock's 50-day moving average price is $8.15 and its two-hundred day moving average price is $8.44.

iRobot (NASDAQ:IRBT - Get Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business had revenue of $193.40 million during the quarter, compared to the consensus estimate of $218.41 million. During the same period last year, the business posted ($3.09) earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts expect that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in iRobot by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company's stock valued at $1,491,000 after buying an additional 3,956 shares in the last quarter. Rhumbline Advisers grew its stake in iRobot by 15.2% during the second quarter. Rhumbline Advisers now owns 49,040 shares of the industrial products company's stock valued at $447,000 after acquiring an additional 6,485 shares in the last quarter. Acadian Asset Management LLC bought a new stake in iRobot during the 2nd quarter worth approximately $529,000. Daiwa Securities Group Inc. purchased a new stake in iRobot in the 2nd quarter worth approximately $61,000. Finally, Federated Hermes Inc. boosted its holdings in iRobot by 2.8% in the 2nd quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company's stock valued at $7,260,000 after purchasing an additional 21,982 shares during the period. 77.42% of the stock is owned by institutional investors.

About iRobot

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.