iRobot (NASDAQ:IRBT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research note published on Monday morning.

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

iRobot Trading Down 1.2 %

NASDAQ:IRBT opened at $3.41 on Monday. iRobot has a 12 month low of $2.99 and a 12 month high of $14.51. The firm has a fifty day simple moving average of $7.67 and a 200-day simple moving average of $7.86. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $104.44 million, a P/E ratio of -0.74 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in iRobot during the fourth quarter valued at $59,000. SG Americas Securities LLC acquired a new position in iRobot during the fourth quarter valued at $97,000. Quest Partners LLC lifted its position in iRobot by 39.8% during the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 3,285 shares during the period. Intech Investment Management LLC acquired a new position in iRobot during the fourth quarter valued at $108,000. Finally, Quarry LP raised its position in shares of iRobot by 2,040.4% in the fourth quarter. Quarry LP now owns 13,934 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 13,283 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

About iRobot

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.