Distribution Solutions Group (NASDAQ:DSGR) Trading Down 5.6% - What's Next?

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) were down 5.6% during trading on Friday . The stock traded as low as $36.20 and last traded at $36.33. Approximately 30,952 shares changed hands during trading, a decline of 41% from the average daily volume of 52,547 shares. The stock had previously closed at $38.50.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barrington Research upped their target price on Distribution Solutions Group from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Stephens restated an "overweight" rating and set a $42.00 target price on shares of Distribution Solutions Group in a report on Monday, August 5th.

Distribution Solutions Group Stock Down 7.0 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 2.50. The business has a 50 day simple moving average of $37.78 and a 200-day simple moving average of $34.50. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -81.36 and a beta of 0.97.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. The firm had revenue of $439.54 million during the quarter, compared to analysts' expectations of $437.40 million. During the same period last year, the business earned $0.26 earnings per share. On average, equities analysts expect that Distribution Solutions Group, Inc. will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Distribution Solutions Group in the third quarter valued at $150,000. BNP Paribas Financial Markets raised its holdings in Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company's stock valued at $302,000 after buying an additional 676 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Distribution Solutions Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company's stock valued at $335,000 after buying an additional 406 shares during the last quarter. Inspire Investing LLC purchased a new position in Distribution Solutions Group during the first quarter worth about $352,000. Finally, California State Teachers Retirement System increased its position in shares of Distribution Solutions Group by 15.7% during the first quarter. California State Teachers Retirement System now owns 11,530 shares of the company's stock valued at $409,000 after acquiring an additional 1,563 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.