Oatly Group (NASDAQ:OTLY) Shares to Reverse Split on Tuesday, February 18th

Oatly Group AB (NASDAQ:OTLY - Free Report) shares are scheduled to reverse split before the market opens on Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Oatly Group Stock Performance

Shares of NASDAQ OTLY traded down $0.01 during mid-day trading on Wednesday, hitting $0.53. 3,337,045 shares of the company were exchanged, compared to its average volume of 2,628,741. The stock has a 50 day simple moving average of $0.67 and a 200-day simple moving average of $0.79. The firm has a market cap of $316.99 million, a price-to-earnings ratio of -0.77 and a beta of 1.96. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65. Oatly Group has a 1-year low of $0.53 and a 1-year high of $1.40.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. The business had revenue of $208.00 million for the quarter, compared to the consensus estimate of $207.87 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, sell-side analysts forecast that Oatly Group will post -0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays raised Oatly Group to a "strong-buy" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1.27.

Institutional Trading of Oatly Group

Hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Oatly Group by 19.6% in 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. Shikiar Asset Management Inc. bought a new stake in Oatly Group in the third quarter valued at about $999,000. Jane Street Group LLC raised its position in Oatly Group by 134.8% in the third quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after purchasing an additional 82,242 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Oatly Group by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock valued at $6,580,000 after purchasing an additional 358,978 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Oatly Group in the second quarter worth $41,000. Institutional investors own 68.15% of the company's stock.

About Oatly Group

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.