Oatly Group AB (NASDAQ:OTLY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 241,178 shares were traded during 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 upped their price objective on Oatly Group from $1.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday.
Check Out Our Latest Report on Oatly Group
Oatly Group Stock Performance
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 has a market cap of $203.51 million, a P/E ratio of -1.01 and a beta of 1.96. The company's 50 day moving average is $12.14 and its 200 day moving average is $14.89.
Institutional Investors Weigh In On Oatly Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Oatly Group by 19.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company's stock valued at $6,746,000 after purchasing an additional 1,292,592 shares in the last quarter. Jane Street Group LLC boosted its position in Oatly Group by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after buying an additional 82,242 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock worth $6,580,000 after acquiring an additional 358,978 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock worth $1,935,000 after acquiring an additional 78,831 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its position in Oatly Group by 5.9% in the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock valued at $455,000 after acquiring an additional 38,363 shares during the period. 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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