Nestlé (OTCMKTS:NSRGY) Hits New 52-Week Low at $96.36

Nestlé S.A. (OTCMKTS:NSRGY) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $96.36 and last traded at $97.10, with a volume of 2097839 shares traded. The stock had previously closed at $100.79.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NSRGY. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nestlé Trading Down 3.7 %

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a fifty day moving average price of $103.64 and a two-hundred day moving average price of $104.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new position in shares of Nestlé during the 2nd quarter valued at approximately $134,000. Front Row Advisors LLC boosted its position in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the period. Accent Capital Management LLC bought a new stake in shares of Nestlé during the 4th quarter valued at $241,000. GAMMA Investing LLC lifted its stake in shares of Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after buying an additional 949 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Nestlé in the 2nd quarter worth $262,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.