Oatly Group (NASDAQ:OTLY) Shares Gap Down - Time to Sell?

Oatly Group AB (NASDAQ:OTLY - Get Free Report) shares 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 traded.

Wall Street Analyst Weigh In

Separately, Barclays lowered their target price on shares of Oatly Group from $40.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, February 14th.

Oatly Group Stock Down 7.9 %

The firm has a market capitalization of $236.54 million, a price-to-earnings ratio of -1.17 and a beta of 1.96. The business's 50-day moving average is $12.27 and its two-hundred day moving average is $15.00. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56.

Institutional Trading of Oatly Group

A number of hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC raised its position in shares of Oatly Group by 33.9% in the 3rd 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. Van ECK Associates Corp grew its stake in Oatly Group by 60.6% in the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after acquiring an additional 21,387 shares during the period. Rhumbline Advisers grew 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 acquiring an additional 27,428 shares during the period. Green Alpha Advisors LLC grew its stake in Oatly Group by 5.9% in the fourth 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. Finally, Performa Ltd US LLC grew its stake in Oatly Group by 36.8% in the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after acquiring an additional 39,000 shares during the period. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.