Lsb Industries (NYSE:LXU) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Lsb Industries Inc. (NYSE:LXU) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.54 and traded as high as $11.80. Lsb Industries shares last traded at $11.1880, with a volume of 1,603,162 shares changing hands.

Analyst Upgrades and Downgrades

LXU has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Monday, August 10th. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Broker started coverage on shares of Lsb Industries in a research report on Tuesday. They issued a “hold” rating and a $9.50 price objective for the company. Weiss Ratings raised Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Finally, set a $13.00 price objective on Lsb Industries and gave the stock an “outperform” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.38.

Lsb Industries Stock Up 8.7%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The firm’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $11.73. The stock has a market capitalization of $805.54 million, a price-to-earnings ratio of 18.05 and a beta of 0.44.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Lsb Industries had a net margin of 6.95% and a return on equity of 8.61%. The business had revenue of $158.60 million for the quarter, compared to analyst estimates of $160.18 million.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently added to or reduced their stakes in LXU. Persistent Asset Partners Ltd acquired a new stake in shares of Lsb Industries in the 2nd quarter valued at about $47,000. Cibc World Market Inc. bought a new position in shares of Lsb Industries during the second quarter worth about $140,000. PDT Partners LLC acquired a new stake in Lsb Industries in the 2nd quarter valued at approximately $145,000. Arizona State Retirement System acquired a new stake in Lsb Industries in the 2nd quarter valued at approximately $166,000. Finally, MQS Management LLC acquired a new stake in Lsb Industries in the 1st quarter valued at approximately $172,000. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.