LSB Industries (NYSE:LXU) Trading Up 8%

LSB Industries, Inc. (NYSE:LXU) was up 8% during trading on Friday . The company traded as high as $3.99 and last traded at $3.90. Approximately 214,406 shares were traded during mid-day trading, an increase of 119% from the average daily volume of 97,958 shares. The stock had previously closed at $3.61.

A number of equities research analysts recently commented on LXU shares. ValuEngine raised LSB Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Zacks Investment Research lowered LSB Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th.

The company’s 50-day simple moving average is $3.93. The company has a quick ratio of 1.03, a current ratio of 1.34 and a debt-to-equity ratio of 1.29.

LSB Industries (NYSE:LXU) last announced its earnings results on Tuesday, April 30th. The conglomerate reported ($0.69) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.02. The firm had revenue of $94.15 million during the quarter. LSB Industries had a negative return on equity of 22.24% and a negative net margin of 21.02%. As a group, analysts predict that LSB Industries, Inc. will post -2.88 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of LSB Industries by 331.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the conglomerate’s stock valued at $28,000 after buying an additional 3,456 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of LSB Industries in the fourth quarter worth approximately $32,000. Oregon Public Employees Retirement Fund bought a new position in shares of LSB Industries in the fourth quarter worth approximately $43,000. Investors Research Corp bought a new position in LSB Industries during the first quarter valued at approximately $55,000. Finally, Millennium Management LLC bought a new position in LSB Industries during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.

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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