Sotera Health (NASDAQ:SHC) Hits New 1-Year Low - Here's Why

Sotera Health (NASDAQ:SHC - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $9.61 and last traded at $9.80, with a volume of 1977761 shares changing hands. The stock had previously closed at $10.23.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their target price on shares of Sotera Health from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.20.

Sotera Health Stock Performance

The company has a debt-to-equity ratio of 4.91, a quick ratio of 2.61 and a current ratio of 2.88. The stock has a fifty day simple moving average of $12.15 and a two-hundred day simple moving average of $13.50. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 42.02 and a beta of 1.88.

Institutional Trading of Sotera Health

Several large investors have recently modified their holdings of SHC. Blue Trust Inc. boosted its stake in Sotera Health by 164.3% during the fourth quarter. Blue Trust Inc. now owns 1,834 shares of the company's stock worth $25,000 after acquiring an additional 1,140 shares in the last quarter. Quarry LP acquired a new position in Sotera Health during the 4th quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in Sotera Health by 37.5% in the fourth quarter. GAMMA Investing LLC now owns 4,109 shares of the company's stock worth $56,000 after acquiring an additional 1,121 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Sotera Health by 37.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,975 shares of the company's stock valued at $82,000 after acquiring an additional 1,640 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Sotera Health by 58.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,029 shares of the company's stock worth $124,000 after purchasing an additional 3,331 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

About Sotera Health

Sotera Health Company engages in the provision of sterilization, lab testing, and advisory services in the United States and internationally. The company operates through three segments: Sterigenics, Nordion, and Nelson Labs. It provides mission-critical end-to-end sterilization services, including gamma and electron beam irradiation, and ethylene oxide processing, as well as designs, installs, and maintains gamma irradiation systems.