Needham & Company LLC reissued their hold rating on shares of iRobot (NASDAQ:IRBT – Free Report) in a research note released on Thursday morning, Benzinga reports.
iRobot Stock Performance
Shares of iRobot stock traded down $0.49 on Thursday, hitting $7.64. The stock had a trading volume of 1,583,091 shares, compared to its average volume of 2,154,953. The stock has a market cap of $219.70 million, a price-to-earnings ratio of -0.98 and a beta of 0.89. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. iRobot has a twelve month low of $6.48 and a twelve month high of $42.14. The business’s 50 day moving average is $9.78 and its two-hundred day moving average is $10.19.
iRobot (NASDAQ:IRBT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). iRobot had a negative net margin of 24.42% and a negative return on equity of 99.56%. The firm had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. During the same period in the prior year, the company earned ($1.73) earnings per share. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. Analysts forecast that iRobot will post -4.31 EPS for the current year.
Institutional Inflows and Outflows
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.
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