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

Oatly Group AB (NASDAQ:OTLY - Free Report)'s stock is going 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 Trading Down 1.1 %

Shares of Oatly Group stock traded down $0.01 during trading on Friday, reaching $0.56. The company's stock had a trading volume of 1,085,834 shares, compared to its average volume of 1,946,705. 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 52-week low of $0.53 and a 52-week high of $1.40. The firm's 50-day moving average is $0.66 and its two-hundred day moving average is $0.78. The company has a market cap of $333.00 million, a price-to-earnings ratio of -0.81 and a beta of 1.96.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently modified their holdings of OTLY. Van ECK Associates Corp increased its holdings in 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. Sanctuary Advisors LLC purchased a new position in shares of Oatly Group during the second quarter valued at approximately $41,000. Rhumbline Advisers raised its holdings in shares of Oatly Group by 76.1% during 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 in the last quarter. Privium Fund Management B.V. bought a new position in shares of Oatly Group during the third quarter valued at approximately $60,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Oatly Group in the third quarter worth $85,000. 68.15% of the stock is owned by institutional investors.

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.