Nestlé (OTCMKTS:NSRGY) Hits New 52-Week Low at $100.92

Shares of Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $100.92 and last traded at $100.95, with a volume of 682890 shares trading hands. The stock had previously closed at $101.69.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NSRGY. BNP Paribas cut shares of Nestlé from a "neutral" rating to an "underperform" rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an "underperform" rating to a "sector perform" rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Nestlé presently has an average rating of "Hold" and an average target price of $153.00.

Nestlé Trading Down 0.7 %

The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. The business has a fifty day moving average price of $106.70 and a 200 day moving average price of $110.60.

Institutional Investors Weigh In On Nestlé

Hedge funds have recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in shares of Nestlé during the third quarter worth about $35,000. Vestor Capital LLC bought a new stake in shares of Nestlé in the second quarter worth $36,000. First Horizon Advisors Inc. raised its stake in shares of Nestlé by 30.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 510 shares of the company's stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Nestlé in the fourth quarter worth $69,000. Finally, Operose Advisors LLC acquired a new stake in Nestlé during the third quarter worth about $82,000. Institutional investors and hedge funds own 0.61% of the company's stock.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.