LSB Industries (NYSE:LXU) Stock Price Down 8.7%

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Shares of LSB Industries, Inc. (NYSE:LXU) were down 8.7% during mid-day trading on Friday . The company traded as low as $1.04 and last traded at $1.05, approximately 760,275 shares changed hands during trading. An increase of 114% from the average daily volume of 355,752 shares. The stock had previously closed at $1.15.

Separately, Zacks Investment Research downgraded LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 22nd.

The company’s 50-day simple moving average is $1.14 and its 200 day simple moving average is $1.85. The company has a current ratio of 1.73, a quick ratio of 1.18 and a debt-to-equity ratio of 2.35. The stock has a market cap of $30.77 million, a P/E ratio of -0.26 and a beta of 2.75.

LSB Industries (NYSE:LXU) last posted its earnings results on Wednesday, July 29th. The conglomerate reported ($0.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.74) by $0.40. LSB Industries had a negative net margin of 23.18% and a negative return on equity of 28.56%. The firm had revenue of $105.03 million for the quarter, compared to analysts’ expectations of $75.88 million. Research analysts anticipate that LSB Industries, Inc. will post -3.32 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of LSB Industries by 16.1% during the 1st quarter. State Street Corp now owns 672,455 shares of the conglomerate’s stock worth $1,412,000 after buying an additional 93,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LSB Industries by 11.6% in the 1st quarter. Geode Capital Management LLC now owns 296,697 shares of the conglomerate’s stock worth $623,000 after purchasing an additional 30,874 shares during the period. Deutsche Bank AG raised its holdings in shares of LSB Industries by 182.5% in the 1st quarter. Deutsche Bank AG now owns 48,749 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 31,490 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of LSB Industries by 8.9% in the 1st quarter. Nuveen Asset Management LLC now owns 119,397 shares of the conglomerate’s stock worth $250,000 after purchasing an additional 9,807 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of LSB Industries by 84.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 367,984 shares of the conglomerate’s stock worth $773,000 after purchasing an additional 168,221 shares during the period. 67.66% of the stock is currently owned by hedge funds and other institutional investors.

LSB Industries Company Profile (NYSE:LXU)

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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