Oatly Group (NASDAQ:OTLY) Trading 7.4% Higher - What's Next?

Key Points

• Oatly Group's stock price increased by 7.4% on Tuesday, trading as high as $18.19 before closing at $18.09, with trading volume significantly lower than average.
• Barclays raised its price target for Oatly Group from $14.00 to $16.00, rating the stock as "overweight", while the consensus rating stands at "Moderate Buy" with a price target of $17.25.
• The company has a current ratio of 0.49 and a debt-to-equity ratio of 1.50, indicating some financial leverage and potential liquidity concerns.

Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report)'s share price traded up 7.4% during trading on Tuesday . The company traded as high as $18.19 and last traded at $18.09. 56,573 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 171,397 shares. The stock had previously closed at $16.85.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays raised their price target on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, JPMorgan Chase & Co. initiated coverage on Oatly Group in a report on Wednesday, August 20th. They issued a "neutral" rating for the company. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.25.

Oatly Group Stock Performance

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.49 and a quick ratio of 0.37. The stock has a market cap of $548.31 million, a P/E ratio of -2.75 and a beta of 1.97. The company has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $12.66.

Hedge Funds Weigh In On Oatly Group

A number of large investors have recently modified their holdings of OTLY. GAMMA Investing LLC grew its stake in shares of Oatly Group by 85.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,203 shares of the company's stock worth $38,000 after buying an additional 1,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Oatly Group by 9.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company's stock valued at $215,000 after purchasing an additional 1,568 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Oatly Group during the 2nd quarter valued at $120,000. Geode Capital Management LLC purchased a new stake in Oatly Group during the 2nd quarter valued at $151,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Oatly Group during the 1st quarter valued at $133,000. 68.15% of the stock is owned by hedge funds and other 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.

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