Lsb Industries (NYSE:LXU) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Lsb Industries Inc. (NYSE:LXU)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.15 and traded as high as $9.33. Lsb Industries shares last traded at $9.2350, with a volume of 371,481 shares trading hands.

Analyst Ratings Changes

LXU has been the subject of a number of recent research reports. UBS Group reissued a “neutral” rating and set a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Royal Bank Of Canada lifted their price objective on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lsb Industries presently has a consensus rating of “Hold” and a consensus price target of $9.83.

Lsb Industries Price Performance

The stock has a 50 day moving average of $8.63 and a 200-day moving average of $8.15. The company has a current ratio of 2.64, a quick ratio of 2.39 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $664.40 million, a P/E ratio of -923.50 and a beta of 0.82.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Lsb Industries had a positive return on equity of 2.72% and a negative net margin of 0.11%.The business had revenue of $155.43 million for the quarter, compared to analyst estimates of $138.30 million. On average, equities research analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lsb Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Lsb Industries in the 1st quarter worth about $29,000. Russell Investments Group Ltd. boosted its holdings in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new position in Lsb Industries in the third quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its holdings in Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares during the period. Finally, Aigen Investment Management LP purchased a new position in Lsb Industries during the 1st quarter worth $69,000. Institutional investors own 73.67% of the company’s stock.

About Lsb Industries

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.