Solo Brands, Inc. (NYSE:DTC - Get Free Report)'s share price reached a new 52-week high on Saturday . The stock traded as high as $33.43 and last traded at $20.75, with a volume of 77506 shares changing hands. The stock had previously closed at $0.10.
Solo Brands Stock Performance
The company has a current ratio of 1.57, a quick ratio of 0.60 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -6.03 and a beta of 2.86. The stock's 50-day simple moving average is $8.19 and its 200-day simple moving average is $17.53.
Hedge Funds Weigh In On Solo Brands
Several large investors have recently modified their holdings of the business. WINTON GROUP Ltd acquired a new stake in Solo Brands during the fourth quarter worth approximately $31,000. Nexpoint Asset Management L.P. bought a new stake in Solo Brands in the fourth quarter valued at $166,000. Marshall Wace LLP increased its stake in Solo Brands by 13.6% in the fourth quarter. Marshall Wace LLP now owns 231,988 shares of the company's stock valued at $264,000 after purchasing an additional 27,701 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Solo Brands by 2.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 547,307 shares of the company's stock valued at $624,000 after purchasing an additional 11,025 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Solo Brands by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 782,105 shares of the company's stock valued at $892,000 after buying an additional 20,390 shares during the last quarter. Institutional investors own 84.48% of the company's stock.
Solo Brands Company Profile
(
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Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
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