LSB Industries (NYSE:LXU) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

LSB Industries, Inc. (NYSE:LXU) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LXU. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $11.00 in a report on Thursday, October 10th. Piper Sandler lifted their price target on shares of LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Price Performance

The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $607.34 million, a price-to-earnings ratio of -40.38, a P/E/G ratio of 19.63 and a beta of 0.84. The company has a fifty day moving average price of $8.36 and a two-hundred day moving average price of $8.43.

Institutional Trading of LSB Industries

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in shares of LSB Industries by 1.3% during the second quarter. International Assets Investment Management LLC now owns 114,322 shares of the conglomerate’s stock worth $935,000 after buying an additional 1,495 shares during the period. SummerHaven Investment Management LLC lifted its position in LSB Industries by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock worth $612,000 after acquiring an additional 1,555 shares during the period. Private Advisor Group LLC grew its stake 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 valued at $102,000 after purchasing an additional 1,563 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of LSB Industries by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of LSB Industries by 3.2% during the second quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock worth $786,000 after purchasing an additional 2,943 shares during 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.