iRobot (NASDAQ:IRBT) Upgraded by StockNews.com to “Hold” Rating

iRobot (NASDAQ:IRBT) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

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

iRobot Trading Up 1.9 %

NASDAQ IRBT traded up $0.07 on Monday, hitting $3.77. The company’s stock had a trading volume of 3,379,098 shares, compared to its average volume of 1,601,216. iRobot has a 52-week low of $2.99 and a 52-week high of $14.51. 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’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $7.92. The firm has a market cap of $115.47 million, a P/E ratio of -0.82 and a beta of 0.87.

Institutional Investors Weigh In On iRobot

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of iRobot during the fourth quarter worth $59,000. Quest Partners LLC lifted its stake in iRobot by 39.8% in the third 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. SG Americas Securities LLC purchased a new stake in iRobot during the fourth quarter worth $97,000. Point72 DIFC Ltd purchased a new stake in shares of iRobot during the third quarter valued at about $112,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in iRobot in the third quarter valued at about $117,000. Institutional investors own 77.42% of the company’s stock.

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.