LSB Industries (NYSE:LXU) Shares Cross Above Two Hundred Day Moving Average of $7.36

LSB Industries, Inc. (NYSE:LXU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.36 and traded as high as $9.79. LSB Industries shares last traded at $9.76, with a volume of 94,626 shares.

Separately, Zacks Investment Research upgraded shares of LSB Industries from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, October 5th.

The company’s 50-day moving average is $9.40 and its two-hundred day moving average is $7.37. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.50 and a quick ratio of 1.35. The firm has a market cap of $293.01 million, a P/E ratio of -3.75 and a beta of 2.48.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, July 28th. The conglomerate reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $140.24 million. LSB Industries had a negative return on equity of 32.26% and a negative net margin of 10.25%. On average, analysts expect that LSB Industries, Inc. will post -0.83 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of LSB Industries by 2.3% in the 1st quarter. BlackRock Inc. now owns 443,637 shares of the conglomerate’s stock valued at $2,276,000 after acquiring an additional 10,167 shares during the period. HighTower Advisors LLC acquired a new position in LSB Industries in the first quarter valued at approximately $197,000. Acadian Asset Management LLC increased its position in shares of LSB Industries by 43.7% during the first quarter. Acadian Asset Management LLC now owns 212,902 shares of the conglomerate’s stock worth $1,092,000 after acquiring an additional 64,730 shares during the period. UBS Group AG grew its holdings in shares of LSB Industries by 2,688.4% during the first quarter. UBS Group AG now owns 27,884 shares of the conglomerate’s stock worth $143,000 after purchasing an additional 26,884 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of LSB Industries by 16.3% during the first quarter. Renaissance Technologies LLC now owns 1,013,146 shares of the conglomerate’s stock worth $5,197,000 after buying an additional 142,031 shares during the period. 44.90% of the stock is owned by institutional investors and hedge funds.

LSB Industries Company Profile (NYSE:LXU)

LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).

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