LSB Industries (NYSE:LXU) Shares Down 5.2% – Here’s Why

LSB Industries, Inc. (NYSE:LXU) shares dropped 5.2% on Tuesday . The company traded as low as $8.19 and last traded at $8.21. Approximately 120,635 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 375,286 shares. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LXU. Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a report on Monday, November 4th. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $11.00 in a report on Thursday, October 10th.

LSB Industries Price Performance

The company’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $8.35. The company has a market capitalization of $544.32 million, a P/E ratio of -36.19, a P/E/G ratio of 20.84 and a beta of 0.85. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LXU. nVerses Capital LLC acquired a new position in LSB Industries during the second quarter valued at approximately $34,000. Dynamic Technology Lab Private Ltd bought a new position in LSB Industries in the 3rd quarter worth $93,000. Intech Investment Management LLC acquired a new position in LSB Industries during the 3rd quarter worth $93,000. Private Advisor Group LLC lifted its position in LSB Industries by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in LSB Industries during the third quarter valued at about $103,000. 73.67% of the stock is owned by institutional investors.

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.