iRobot (IRBT) Hits New 52-High and Then Dumps

iRobot (IRBT) hit a new 52-week high of $48.36 yesterday (02014.03.06). At $46.38 IRBT was up 6.2% for the day, but IRBT ended the day down 1.6% at $44.80. Trading volume was ~2-times average. A couple days ago iRobot had a press release titled iRobot Management to Speak at Upcoming Investor Conferences. Those sessions are scheduled for March 12th and March 18th.

At its current price IRBT has a Price Sales Ratio (PSR) of 2.71, which I consider low for a technology company.