Distribution Solutions Group (NASDAQ:DSGR) Hits New 12-Month Low - Here's Why

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $27.30 and last traded at $28.00, with a volume of 84527 shares trading hands. The stock had previously closed at $27.91.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $44.00 target price on shares of Distribution Solutions Group in a report on Tuesday, March 11th.

Distribution Solutions Group Price Performance

The stock has a market cap of $1.20 billion, a PE ratio of 642.16 and a beta of 0.92. The business's 50-day simple moving average is $29.81 and its 200-day simple moving average is $34.85. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new position in shares of Distribution Solutions Group during the third quarter valued at approximately $251,000. BNP Paribas Financial Markets increased its position in Distribution Solutions Group by 21.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company's stock valued at $193,000 after purchasing an additional 891 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Distribution Solutions Group in the 3rd quarter worth $87,000. Barclays PLC lifted its position in shares of Distribution Solutions Group by 342.0% in the 3rd quarter. Barclays PLC now owns 17,007 shares of the company's stock worth $654,000 after purchasing an additional 13,159 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Distribution Solutions Group by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company's stock valued at $170,000 after purchasing an additional 1,046 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

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Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.