Oatly Group (NASDAQ:OTLY) Shares Gap Down - Here's What Happened

Oatly Group AB (NASDAQ:OTLY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.90, but opened at $9.60. Oatly Group shares last traded at $9.30, with a volume of 87,099 shares.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Oatly Group from $40.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th.

Oatly Group Price Performance

The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $236.51 million, a price-to-earnings ratio of -1.17 and a beta of 1.96. The business has a 50-day moving average price of $12.27 and a two-hundred day moving average price of $15.00.

Institutional Trading of Oatly Group

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in shares of Oatly Group by 33.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company's stock valued at $48,000 after purchasing an additional 14,116 shares during the period. Van ECK Associates Corp increased its position in shares of Oatly Group by 60.6% during 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 period. Rhumbline Advisers increased its position in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after purchasing an additional 27,428 shares during the period. Green Alpha Advisors LLC increased its position in shares of Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock valued at $455,000 after purchasing an additional 38,363 shares during the period. Finally, Performa Ltd US LLC increased its position in shares of Oatly Group by 36.8% during the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after purchasing an additional 39,000 shares during the period. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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Oatly Group Company Profile

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.