LSB Industries (NYSE:LXU) Shares Down 5.2% – Time to Sell?

LSB Industries, Inc. (NYSE:LXU)’s stock price dropped 5.2% 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $11.00 in a report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th.

LSB Industries Trading Down 4.5 %

The firm has a fifty day moving average of $8.80 and a 200-day moving average of $8.36. The stock has a market capitalization of $592.31 million, a price-to-earnings ratio of -38.71, a P/E/G ratio of 20.84 and a beta of 0.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Institutional Investors Weigh In On LSB Industries

Hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in LSB Industries in the second quarter valued at approximately $34,000. Intech Investment Management LLC acquired a new stake in LSB Industries during the 3rd quarter valued at $93,000. Dynamic Technology Lab Private Ltd acquired a new stake in LSB Industries during the 3rd quarter valued at $93,000. Private Advisor Group LLC increased its stake in LSB Industries by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after buying an additional 1,563 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in LSB Industries in the 3rd quarter worth $103,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.