Mativ (NYSE:MATV) Reaches New 1-Year Low - Here's What Happened

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $9.44 and last traded at $9.53, with a volume of 12958 shares trading hands. The stock had previously closed at $9.60.

Analyst Ratings Changes

Separately, Stifel Nicolaus started coverage on shares of Mativ in a research report on Thursday, November 21st. They issued a "hold" rating and a $15.50 price target for the company.

Mativ Trading Up 0.8 %

The stock has a market cap of $525.97 million, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The company's 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $15.44.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 4.13%. Mativ's dividend payout ratio is presently 20.41%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in Mativ in the 3rd quarter valued at $25,000. Point72 DIFC Ltd bought a new stake in Mativ in the 3rd quarter valued at $35,000. Truvestments Capital LLC bought a new stake in Mativ in the 3rd quarter valued at $82,000. FMR LLC boosted its holdings in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company's stock valued at $131,000 after purchasing an additional 4,098 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Mativ in the 3rd quarter valued at $146,000. Institutional investors and hedge funds own 94.95% of the company's stock.

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.