Owens & Minor (NYSE:OMI) Reaches New 52-Week Low - Should You Sell?

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $7.24 and last traded at $7.23, with a volume of 91602 shares. The stock had previously closed at $7.45.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OMI shares. Robert W. Baird cut their price objective on Owens & Minor from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup decreased their price objective on Owens & Minor from $21.00 to $18.50 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Barclays lowered their target price on Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group reduced their price target on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Owens & Minor has an average rating of "Hold" and an average target price of $16.79.

Owens & Minor Trading Down 2.7 %

The stock has a market cap of $480.00 million, a P/E ratio of -9.58, a P/E/G ratio of 0.21 and a beta of 0.48. The company has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $13.53. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Institutional Investors Weigh In On Owens & Minor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the period. Blue Trust Inc. lifted its stake in Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company's stock worth $44,000 after purchasing an additional 1,780 shares during the last quarter. KBC Group NV boosted its position in shares of Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock valued at $58,000 after buying an additional 2,197 shares during the period. Cetera Investment Advisers bought a new position in shares of Owens & Minor during the fourth quarter valued at approximately $140,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Owens & Minor by 844.1% in the third quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company's stock worth $141,000 after buying an additional 8,061 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

About Owens & Minor

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.