The ODP Co. (NASDAQ:ODP - Get Free Report) traded up 5.1% during trading on Monday . The stock traded as high as $17.44 and last traded at $17.45. 151,819 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 532,428 shares. The stock had previously closed at $16.61.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of ODP from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.
View Our Latest Research Report on ODP
ODP Trading Down 4.1 %
The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $450.59 million, a price-to-earnings ratio of -16.60, a P/E/G ratio of 0.30 and a beta of 1.55. The company has a 50-day moving average price of $20.38 and a 200-day moving average price of $25.38.
ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Research analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.
Institutional Investors Weigh In On ODP
Several large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of ODP during the fourth quarter worth approximately $1,972,000. Mackenzie Financial Corp bought a new stake in ODP during the 4th quarter worth about $314,000. Toronto Dominion Bank acquired a new stake in shares of ODP in the 4th quarter valued at $7,149,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ODP by 29.3% during 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 purchasing an additional 24,198 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of ODP by 27.8% in the 4th quarter. Vident Advisory LLC now owns 20,915 shares of the specialty retailer's stock worth $476,000 after purchasing an additional 4,548 shares during the last quarter. Institutional investors own 99.56% of the company's stock.
ODP Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider ODP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ODP wasn't on the list.
While ODP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
