LSB Industries, Inc. (NYSE:LXU - Get Free Report)'s share price dropped 5.2% during trading on Tuesday . The company traded as low as $8.19 and last traded at $8.21. Approximately 120,635 shares changed hands during trading, a decline of 68% from the average daily volume of 375,286 shares. The stock had previously closed at $8.66.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on LXU shares. UBS Group raised shares of LSB Industries from a "neutral" rating to a "buy" rating and raised their price target for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th.
Check Out Our Latest Stock Analysis on LXU
LSB Industries Trading Down 4.7 %
The business has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $8.36. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $590.87 million, a PE ratio of -39.29, a PEG ratio of 20.84 and a beta of 0.85.
Institutional Investors Weigh In On LSB Industries
Several large investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of LSB Industries during the second quarter worth approximately $34,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of LSB Industries in the 3rd quarter worth $93,000. Intech Investment Management LLC acquired a new position in shares of LSB Industries during the third quarter worth about $93,000. Private Advisor Group LLC lifted its position in LSB Industries by 14.1% in the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock valued at $102,000 after purchasing an additional 1,563 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in LSB Industries in the 3rd quarter valued at approximately $103,000. 73.67% of the stock is owned by institutional investors and hedge funds.
LSB Industries Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider LSB Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LSB Industries wasn't on the list.
While LSB Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
