Matthews International (NASDAQ:MATW) Hits New 1-Year Low - Time to Sell?

Matthews International Co. (NASDAQ:MATW - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $20.33 and last traded at $20.56, with a volume of 30664 shares traded. The stock had previously closed at $22.43.

Matthews International Stock Performance

The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. The firm has a market capitalization of $592.13 million, a PE ratio of -9.71 and a beta of 1.07. The firm's 50 day moving average price is $23.99 and its 200-day moving average price is $25.56.

Matthews International (NASDAQ:MATW - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. On average, research analysts expect that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 5.23%. Matthews International's dividend payout ratio is currently -50.76%.

Hedge Funds Weigh In On Matthews International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Matthews International by 3,527.7% in the 1st quarter. GAMMA Investing LLC now owns 24,197 shares of the company's stock valued at $538,000 after buying an additional 23,530 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Matthews International during the first quarter worth approximately $149,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Matthews International by 13.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,422 shares of the company's stock valued at $2,143,000 after purchasing an additional 9,309 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Matthews International in the 4th quarter valued at $428,000. Finally, Two Sigma Advisers LP boosted its stake in Matthews International by 12.6% during the 4th quarter. Two Sigma Advisers LP now owns 140,300 shares of the company's stock worth $3,884,000 after purchasing an additional 15,697 shares during the last quarter. 83.08% of the stock is owned by hedge funds and other institutional investors.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.