Lsb Industries (NYSE:LXU) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Lsb Industries Inc. (NYSE:LXU)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.91 and traded as high as $8.55. Lsb Industries shares last traded at $8.37, with a volume of 404,799 shares traded.

Analysts Set New Price Targets

LXU has been the subject of several research reports. UBS Group reaffirmed a “neutral” rating and set a $9.50 price target (up previously from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Lsb Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.75.

Lsb Industries Price Performance

The firm has a 50 day moving average price of $8.44 and a 200 day moving average price of $7.91. The company has a quick ratio of 2.39, a current ratio of 2.64 and a debt-to-equity ratio of 0.90. The stock has a market cap of $602.17 million, a P/E ratio of -837.00 and a beta of 0.82.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. Lsb Industries had a positive return on equity of 2.72% and a negative net margin of 0.11%. On average, analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently modified their holdings of LXU. Quantbot Technologies LP purchased a new position in shares of Lsb Industries during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in Lsb Industries by 90.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares in the last quarter. Aigen Investment Management LP bought a new stake in Lsb Industries during the first quarter valued at about $69,000. PDT Partners LLC purchased a new position in shares of Lsb Industries in the second quarter valued at about $105,000. Finally, First Bank & Trust purchased a new position in shares of Lsb Industries in the second quarter valued at about $112,000. 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.