Solo Brands (NYSE:DTC) Stock Price Up 56.4% - Time to Buy?

Solo Brands, Inc. (NYSE:DTC - Get Free Report)'s stock price traded up 56.4% during trading on Friday . The stock traded as high as $19.95 and last traded at $25.25. 16,068 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 494,411 shares. The stock had previously closed at $16.15.

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 company's 50 day moving average is $8.19 and its 200-day moving average is $17.53. The company has a market capitalization of $1.91 billion, a P/E ratio of -6.03 and a beta of 2.86.

Institutional Trading of Solo Brands

Large investors have recently made changes to their positions in the stock. Nexpoint Asset Management L.P. bought a new stake in Solo Brands during the fourth quarter valued at approximately $166,000. Marshall Wace LLP grew its position in Solo Brands by 13.6% during the fourth quarter. Marshall Wace LLP now owns 231,988 shares of the company's stock valued at $264,000 after buying an additional 27,701 shares during the period. WINTON GROUP Ltd bought a new stake in Solo Brands during the fourth quarter valued at approximately $31,000. Bridgeway Capital Management LLC grew its position in 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 period. Finally, Prudential Financial Inc. grew its position in Solo Brands by 1.8% during the fourth quarter. Prudential Financial Inc. now owns 809,320 shares of the company's stock valued at $923,000 after buying an additional 14,200 shares during the period. 84.48% of the stock is currently owned by institutional investors.

About Solo Brands

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.