Oatly Group AB (NASDAQ:OTLY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 241,178 shares traded hands during mid-day trading, an increase of 14% from the previous session's volume of 212,146 shares.The stock last traded at $9.90 and had previously closed at $8.68.
Wall Street Analysts Forecast Growth
Separately, Barclays lowered their price objective on Oatly Group from $40.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 14th.
Read Our Latest Stock Report on OTLY
Oatly Group Stock Down 7.9 %
The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56. The firm's 50-day moving average price is $12.27 and its two-hundred day moving average price is $15.00. The firm has a market cap of $236.54 million, a PE ratio of -1.17 and a beta of 1.96.
Hedge Funds Weigh In On Oatly Group
Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after purchasing an additional 21,387 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Oatly Group during the fourth quarter worth approximately $41,000. Rhumbline Advisers lifted its stake in Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after buying an additional 27,428 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Oatly Group by 33.9% in the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company's stock valued at $48,000 after acquiring an additional 14,116 shares during the period. Finally, Privium Fund Management B.V. acquired a new stake in shares of Oatly Group in the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 68.15% of the company's stock.
About Oatly Group
(
Get Free Report)
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.
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