Oatly Group (NASDAQ:OTLY) Stock Price Down 4.9%

Oatly Group AB (NASDAQ:OTLY - Get Free Report)'s stock price was down 4.9% during trading on Monday . The company traded as low as $0.94 and last traded at $0.96. Approximately 802,259 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,677,333 shares. The stock had previously closed at $1.01.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Oatly Group from a "neutral" rating to an "outperform" rating in a research note on Thursday, July 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $1.05 price objective on shares of Oatly Group in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1.96.

Oatly Group Stock Down 15.4 %

The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $508.42 million, a PE ratio of -1.07 and a beta of 2.10. The firm's fifty day moving average is $0.92 and its 200-day moving average is $1.00.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. The business had revenue of $202.20 million during the quarter, compared to analysts' expectations of $200.66 million. On average, equities research analysts predict that Oatly Group AB will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On Oatly Group

Several institutional investors have recently made changes to their positions in OTLY. GSA Capital Partners LLP acquired a new stake in shares of Oatly Group in the first quarter valued at about $998,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Oatly Group by 144.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company's stock valued at $227,000 after acquiring an additional 118,886 shares during the period. CastleKnight Management LP boosted its stake in shares of Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company's stock worth $1,803,000 after acquiring an additional 1,239,874 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Oatly Group by 14.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company's stock worth $6,207,000 after acquiring an additional 834,947 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Oatly Group in the 2nd quarter valued at approximately $75,000. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.