iRobot (NASDAQ:IRBT) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

iRobot Co. (NASDAQ:IRBT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.37 and traded as high as $9.97. iRobot shares last traded at $9.91, with a volume of 2,895,561 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of iRobot in a report on Thursday, November 7th. StockNews.com lowered shares of iRobot from a "hold" rating to a "sell" rating in a report on Sunday, October 27th.

iRobot Trading Up 24.7 %

The firm has a market cap of $302.84 million, a price-to-earnings ratio of -2.15 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.36.

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 for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $193.40 million for the quarter, compared to analysts' expectations of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.09) EPS. As a group, research analysts anticipate that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On iRobot

A number of institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of iRobot in the third quarter worth $39,000. Daiwa Securities Group Inc. acquired a new position in iRobot in the 2nd quarter worth about $61,000. Sunbelt Securities Inc. raised its stake in shares of iRobot by 72.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company's stock worth $69,000 after purchasing an additional 3,175 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of iRobot during the 3rd quarter valued at about $89,000. Finally, Quest Partners LLC grew its stake in shares of iRobot by 39.8% in the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock valued at $100,000 after buying an additional 3,285 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company's stock.

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.