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

Oatly Group AB (NASDAQ:OTLY - Get Free Report) shares gapped down prior to trading 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.

Analyst Upgrades and Downgrades

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

Oatly Group Stock Down 8.4 %

The company has a market capitalization of $216.58 million, a PE ratio of -1.07 and a beta of 1.96. 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 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

A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in 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 acquiring an additional 21,387 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Oatly Group in the fourth quarter worth $41,000. Rhumbline Advisers raised its stake in shares of Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after purchasing an additional 27,428 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Oatly Group by 33.9% during the third 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 in the last quarter. Finally, Privium Fund Management B.V. purchased a new stake in shares of Oatly Group during the third quarter valued at $60,000. Hedge funds and other institutional investors own 68.15% of the company's stock.

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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.