LSB Industries (NYSE:LXU) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

LSB Industries, Inc. (NYSE:LXU)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.43 and traded as high as $8.59. LSB Industries shares last traded at $8.48, with a volume of 168,010 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. Piper Sandler lifted their price target on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Finally, UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.50 to $11.00 in a report on Thursday, October 10th.

LSB Industries Trading Up 1.2 %

The firm has a market cap of $609.49 million, a P/E ratio of -40.52, a PEG ratio of 19.63 and a beta of 0.84. The company’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

Institutional Investors Weigh In On LSB Industries

A number of institutional investors have recently bought and sold shares of LXU. nVerses Capital LLC bought a new position in shares of LSB Industries during the 2nd quarter worth about $34,000. Bayesian Capital Management LP bought a new position in LSB Industries during the first quarter worth about $97,000. Intech Investment Management LLC acquired a new stake in LSB Industries during the third quarter valued at approximately $93,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of LSB Industries in the 3rd quarter valued at approximately $93,000. Finally, Private Advisor Group LLC raised its holdings in shares of LSB Industries by 14.1% in 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 in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Company Profile

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.