Oatly Group (NASDAQ:OTLY) Stock Price Down 4.9%

Oatly Group AB (NASDAQ:OTLY) shares dropped 4.9% on Monday . The company traded as low as $0.94 and last traded at $0.96. Approximately 802,259 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,677,333 shares. The stock had previously closed at $1.01.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1.05 price target on shares of Oatly Group in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1.96.

Oatly Group Stock Down 10.5 %

The company has a market capitalization of $537.76 million, a PE ratio of -1.13 and a beta of 2.10. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $0.93 and a two-hundred day simple moving average of $1.00.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company had revenue of $202.20 million during the quarter, compared to analysts’ expectations of $200.66 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. Research analysts expect that Oatly Group AB will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. CastleKnight Management LP increased its holdings in Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,239,874 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Oatly Group in the 4th quarter valued at approximately $44,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Oatly Group by 144.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after buying an additional 118,886 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Oatly Group during the first quarter worth $998,000. Finally, SG Americas Securities LLC purchased a new position in Oatly Group during the second quarter worth $75,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

About Oatly Group

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.