ODP (NASDAQ:ODP) Shares Down 5.2% - Time to Sell?

The ODP Co. (NASDAQ:ODP - Get Free Report) dropped 5.2% on Friday . The company traded as low as $17.06 and last traded at $17.17. Approximately 77,569 shares were traded during trading, a decline of 87% from the average daily volume of 615,235 shares. The stock had previously closed at $18.11.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded ODP from a "hold" rating to a "buy" rating in a research note on Saturday.

ODP Price Performance

The firm's fifty day simple moving average is $15.47 and its 200-day simple moving average is $18.75. 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 firm has a market capitalization of $523.73 million, a PE ratio of -19.13, a PEG ratio of 0.30 and a beta of 1.32.

ODP (NASDAQ:ODP - Get Free Report) last posted its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.41. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, research analysts forecast that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Institutional Trading of ODP

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in ODP by 265,600.0% during the first quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer's stock valued at $37,000 after buying an additional 2,656 shares during the last quarter. AlphaQuest LLC bought a new position in shares of ODP in the first quarter worth approximately $41,000. Headlands Technologies LLC bought a new position in ODP in the 1st quarter worth $47,000. State of Wyoming boosted its stake in shares of ODP by 232.5% in the first quarter. State of Wyoming now owns 5,859 shares of the specialty retailer's stock worth $84,000 after acquiring an additional 4,097 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after purchasing an additional 1,198 shares during the period. Hedge funds and other institutional investors own 99.56% of the company's stock.

ODP Company Profile

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.