Mativ (NYSE:MATV) Reaches New 12-Month Low - What's Next?

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.85 and last traded at $9.00, with a volume of 325211 shares changing hands. The stock had previously closed at $8.90.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus started coverage on shares of Mativ in a report on Thursday, November 21st. They set a "hold" rating and a $15.50 price objective on the stock.

Mativ Stock Performance

The firm has a market capitalization of $494.17 million, a PE ratio of 4.64, a P/E/G ratio of 1.37 and a beta of 0.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The company's fifty day simple moving average is $10.30 and its 200 day simple moving average is $14.17.

Institutional Investors Weigh In On Mativ

A number of institutional investors and hedge funds have recently modified their holdings of MATV. nVerses Capital LLC purchased a new stake in shares of Mativ in the third quarter worth about $25,000. Federated Hermes Inc. bought a new position in shares of Mativ in the fourth quarter worth approximately $33,000. Point72 DIFC Ltd bought a new position in shares of Mativ in the third quarter worth approximately $35,000. KBC Group NV increased its position in shares of Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Mativ in the third quarter worth approximately $82,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.