Janus International Group (NYSE:JBI) Reaches New 12-Month Low - Should You Sell?

Janus International Group, Inc. (NYSE:JBI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.40 and last traded at $6.43, with a volume of 280502 shares. The stock had previously closed at $7.13.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut their price target on shares of Janus International Group from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Janus International Group presently has an average rating of "Hold" and a consensus price target of $9.75.

Janus International Group Stock Down 5.4 %

The firm's 50 day simple moving average is $7.98 and its 200-day simple moving average is $8.14. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $913.00 million, a price-to-earnings ratio of 9.04 and a beta of 1.09.

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently bought and sold shares of JBI. Barclays PLC grew its stake in Janus International Group by 216.2% in the 3rd quarter. Barclays PLC now owns 235,897 shares of the company's stock valued at $2,385,000 after buying an additional 161,290 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Janus International Group by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 7,125,266 shares of the company's stock valued at $72,036,000 after purchasing an additional 435,721 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company's stock valued at $1,849,000 after purchasing an additional 163,711 shares during the last quarter. State Street Corp increased its stake in shares of Janus International Group by 9.5% during the third quarter. State Street Corp now owns 2,827,183 shares of the company's stock worth $28,583,000 after purchasing an additional 244,322 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in Janus International Group by 13.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company's stock worth $24,054,000 after purchasing an additional 397,301 shares during the last quarter. Institutional investors own 88.78% of the company's stock.

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Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.