Shares of The ODP Co. (NASDAQ:ODP - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.41 and last traded at $19.63, with a volume of 89397 shares traded. The stock had previously closed at $20.18.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of ODP from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded shares of ODP from a "buy" rating to a "hold" rating in a research report on Friday, January 31st.
Get Our Latest Stock Analysis on ODP
ODP Stock Performance
The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average is $22.56 and its two-hundred day moving average is $26.55. The stock has a market cap of $545.47 million, a price-to-earnings ratio of -19.90, a P/E/G ratio of 0.31 and a beta of 1.38.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ODP. Mackenzie Financial Corp acquired a new stake in ODP in the 4th quarter valued at about $314,000. Toronto Dominion Bank acquired a new stake in ODP in the 4th quarter valued at about $7,149,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ODP by 29.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 106,804 shares of the specialty retailer's stock valued at $2,429,000 after acquiring an additional 24,198 shares during the last quarter. Vident Advisory LLC raised its holdings in ODP by 27.8% in the 4th quarter. Vident Advisory LLC now owns 20,915 shares of the specialty retailer's stock valued at $476,000 after acquiring an additional 4,548 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in ODP by 81.8% in the 4th quarter. Two Sigma Advisers LP now owns 12,444 shares of the specialty retailer's stock valued at $283,000 after acquiring an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company's stock.
ODP Company Profile
(
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The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.
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