Amer Sports (NYSE:AS) Sets New 1-Year Low at $13.10

Amer Sports, Inc. (NYSE:AS - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $13.10 and last traded at $13.58, with a volume of 278393 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research reports. TD Cowen began coverage on shares of Amer Sports in a report on Monday, February 26th. They set an "outperform" rating and a $18.00 target price on the stock. UBS Group began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set a "buy" rating and a $23.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set an "overweight" rating and a $19.00 price objective for the company. Citigroup began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set a "buy" rating and a $19.00 price objective for the company. Finally, BNP Paribas initiated coverage on shares of Amer Sports in a research report on Monday, February 26th. They set an "outperform" rating and a $19.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Amer Sports currently has an average rating of "Moderate Buy" and an average target price of $19.00.

Amer Sports Price Performance

The company has a current ratio of 1.49, a quick ratio of 0.80 and a debt-to-equity ratio of 477.02. The business's 50 day moving average is $15.49.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.31 billion. Equities research analysts predict that Amer Sports, Inc. will post 0.42 EPS for the current fiscal year.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.