LSB Industries, Inc. (NYSE:LXU)
May 17th, 2019
Amidst falling markets LSB Industries, Inc. finished Friday’s trading session down 9.31%, a ($0.47) decrease to close on $4.58. As well as the drop in value, LSB Industries, Inc. hit a new 52 week low of $4.55, breaking the previous low of $4.95 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.61.
LXU was outperformed by the rest of the Materials sector which went down only -0.50%.
The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.48%), while the Industrials sector saw the biggest drop (-1.10%). Information Technology has seen the biggest year-to-date gain of 22.31%.
Utilities saw the biggest turnaround compared to its 5-day performance (2.42%), as it went up by 0.48%. Energy and Materials both saw turn arounds from their five day positive performances with Energy with a drop of -1.05%.
- Utilities up with a 0.48% change.
- Real Estate down with a -0.17% change.
- Healthcare down with a -0.17% change.
- Consumer Staples down with a -0.19% change.
- Communication Services down with a -0.48% change.
- Materials down with a -0.50% change.
- Financials down with a -0.60% change.
- Consumer Discretionary down with a -0.80% change.
- Information Technology down with a -0.82% change.
- Energy down with a -1.05% change.
- Industrials down with a -1.10% change.
LSB Industries, Inc. Info
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. The company also offers high purity and commercial grade ammonia, high purity ammonium nitrate, sulfuric acids, mixed nitrating acids, carbon dioxide, and diesel exhaust fluids, as well as concentrated, blended, and regular nitric acids for various applications, including semi-conductor and polyurethane intermediates; pulp and paper, alum, water treatment, metals, and vanadium processing; power plant emissions abatement, water treatment, refrigerants, and metals processing; and exhaust stream additive, and horticulture/greenhouse applications; and refrigeration. In addition, it provides industrial grade ammonium nitrate, ammonium nitrate solutions, and HDAN solutions for the specialty emulsions for mining, surface mining, quarries, and construction applications. The company sells its products through distributors, as well as directly to end customers. LSB Industries, Inc. was founded in 1968 and is headquartered in Oklahoma City, Oklahoma.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that LSB Industries, Inc.’s score is 0.61) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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