Wednesday, April 27, 2016

iRobot (IRBT) Hits New 52-Week on 1Q'16 Results

iRobot (IRBT) spiked to a new 52-week high of $38.08 today (02016.04.27) after reporting 1Q'16 results.
"Our first quarter results were outstanding. Home Robot revenue grew 15% over Q1 2015, driven by significant growth in the United States following a record Q4 2015," said Colin Angle, chairman and chief executive officer of iRobot.

At $38.02, iRobot has an approximate market value of $1.1 billion, which seems low to me. The PSR (Price-Sales-Ratio) is less than 2.0 and this also seems low to me. I'll sell some IRBT at $50.27 (i.e. 16 $Pi).

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