Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.93 and last traded at $9.08, with a volume of 416511 shares. The stock had previously closed at $9.55.
Analyst Ratings Changes
Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They set a "hold" rating and a $15.50 target price on the stock.
Check Out Our Latest Analysis on MATV
Mativ Price Performance
The company has a market capitalization of $484.17 million, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.38 and a beta of 0.66. The company's 50-day moving average price is $10.75 and its two-hundred day moving average price is $14.55. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.
Mativ (NYSE:MATV - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.05). The firm had revenue of $498.50 million for the quarter, compared to the consensus estimate of $523.80 million. Mativ had a return on equity of 4.88% and a net margin of 5.44%. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, sell-side analysts expect that Mativ Holdings, Inc. will post 0.6 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Mativ during the third quarter worth approximately $25,000. Point72 DIFC Ltd acquired a new stake in shares of Mativ during the 3rd quarter worth $35,000. KBC Group NV raised its stake in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after purchasing an additional 2,309 shares in the last quarter. Truvestments Capital LLC bought a new stake in Mativ during the third quarter worth about $82,000. Finally, FMR LLC grew its stake in Mativ by 113.3% during the third quarter. FMR LLC now owns 7,716 shares of the company's stock worth $131,000 after buying an additional 4,098 shares in the last quarter. Institutional investors own 94.95% of the company's stock.
Mativ Company Profile
(
Get Free Report)
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.
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