iRobot (NASDAQ:IRBT) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of iRobot (NASDAQ:IRBT) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, March 13th.

iRobot Trading Down 9.6 %

Shares of iRobot stock opened at $2.82 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $7.70. The stock has a market cap of $86.37 million, a P/E ratio of -0.61 and a beta of 0.87. iRobot has a 1-year low of $2.80 and a 1-year high of $14.51.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in iRobot by 1.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 71,944 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 965 shares during the period. LPL Financial LLC grew its holdings in shares of iRobot by 3.4% during the fourth quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company’s stock worth $320,000 after buying an additional 1,346 shares during the last quarter. Focus Partners Wealth increased its position in iRobot by 2.9% in the 4th quarter. Focus Partners Wealth now owns 62,071 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 1,771 shares during the period. Corton Capital Inc. raised its stake in iRobot by 4.1% during the 4th quarter. Corton Capital Inc. now owns 67,714 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 2,685 shares during the last quarter. Finally, Quest Partners LLC lifted its position in iRobot by 39.8% during the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 3,285 shares during the period. Institutional investors and hedge funds own 77.42% of the company’s stock.

iRobot Company Profile

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.