iRobot (NASDAQ:IRBT) Cut to Sell at StockNews.com

iRobot (NASDAQ:IRBT) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

iRobot Stock Performance

IRBT stock opened at $2.82 on Friday. The firm has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $7.71. iRobot has a 52 week low of $2.80 and a 52 week high of $14.51. The stock has a market cap of $86.37 million, a P/E ratio of -0.61 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45.

Institutional Investors Weigh In On iRobot

A number of hedge funds and other institutional investors have recently made changes to their positions in IRBT. Quest Partners LLC increased its holdings 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 buying an additional 3,285 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of iRobot during the 3rd quarter worth $213,000. BNP Paribas Financial Markets raised its holdings in shares of iRobot by 37.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 5,709 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of iRobot during the 3rd quarter valued at $1,556,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of iRobot in the 3rd quarter valued at $112,000. 77.42% of the stock is owned by hedge funds and other institutional investors.

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.