Oatly Group (NASDAQ:OTLY) Shares to Reverse Split on Tuesday, February 18th

Shares of Oatly Group AB (NASDAQ:OTLY) are set to reverse split on the morning of Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Oatly Group Stock Performance

NASDAQ OTLY opened at $0.53 on Thursday. The company has a market capitalization of $316.99 million, a PE ratio of -0.77 and a beta of 1.96. Oatly Group has a twelve month low of $0.53 and a twelve month high of $1.40. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $0.66 and its 200 day moving average price is $0.79.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $208.00 million during the quarter, compared to the consensus estimate of $207.87 million. Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. During the same period in the previous year, the firm earned ($0.07) earnings per share. On average, research analysts predict that Oatly Group will post -0.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barclays upgraded Oatly Group to a “strong-buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oatly Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1.27.

Institutional Trading of Oatly Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Oatly Group by 19.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after buying an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Oatly Group by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock valued at $6,580,000 after acquiring an additional 358,978 shares in the last quarter. Portolan Capital Management LLC lifted its stake in shares of Oatly Group by 8.3% in the third quarter. Portolan Capital Management LLC now owns 4,745,911 shares of the company’s stock worth $4,055,000 after acquiring an additional 361,832 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after purchasing an additional 78,831 shares during the last quarter. Finally, Shikiar Asset Management Inc. purchased a new position in shares of Oatly Group during the 3rd quarter valued at approximately $999,000. Institutional investors and hedge funds own 68.15% of the company’s stock.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.