Shares of The ODP Corporation (NASDAQ:ODP - Get Free Report) shot up 8.5% on Tuesday . The stock traded as high as $19.88 and last traded at $19.67. 199,118 shares changed hands during trading, a decline of 67% from the average session volume of 598,315 shares. The stock had previously closed at $18.13.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of ODP from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd.
Read Our Latest Stock Report on ODP
ODP Trading Down 0.4%
The firm has a market cap of $589.78 million, a price-to-earnings ratio of -14.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.34. The company's 50-day moving average price is $16.52 and its 200-day moving average price is $18.03. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.32.
ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.41. ODP had a positive return on equity of 11.50% and a negative net margin of 0.69%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the previous year, the firm posted $1.05 EPS. ODP's revenue was down 9.2% compared to the same quarter last year. Equities analysts expect that The ODP Corporation will post 3.26 EPS for the current fiscal year.
Institutional Trading of ODP
Several large investors have recently bought and sold shares of ODP. Farther Finance Advisors LLC boosted its position in shares of ODP by 265,600.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 2,656 shares during the last quarter. AlphaQuest LLC purchased a new position in ODP during the first quarter worth about $41,000. Headlands Technologies LLC acquired a new position in ODP in the 1st quarter valued at about $47,000. Tower Research Capital LLC TRC grew its stake in shares of ODP by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after buying an additional 1,198 shares during the period. Finally, State of Wyoming increased its holdings in shares of ODP by 232.5% during the 1st quarter. State of Wyoming now owns 5,859 shares of the specialty retailer's stock worth $84,000 after buying an additional 4,097 shares during the last quarter. Hedge funds and other 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.
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