Nestle (OTCMKTS:NSRGY) Shares Gap Down – Time to Sell?

Nestle SA (OTCMKTS:NSRGY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $101.35, but opened at $97.48. Nestle shares last traded at $97.77, with a volume of 22,594 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NSRGY shares. Jefferies Financial Group restated a “hold” rating on shares of Nestle in a research report on Monday, February 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Nestle presently has an average rating of “Hold”.

Nestle Stock Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.79 and a quick ratio of 0.47. The firm has a 50-day moving average of $101.27 and a 200-day moving average of $98.91.

Hedge Funds Weigh In On Nestle

Several hedge funds have recently made changes to their positions in the company. Strengthening Families & Communities LLC purchased a new stake in Nestle in the third quarter valued at $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Nestle in the fourth quarter valued at $47,000. Boyd Watterson Asset Management LLC OH boosted its holdings in Nestle by 175.1% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock valued at $59,000 after purchasing an additional 408 shares during the last quarter. Sfam LLC purchased a new stake in shares of Nestle during the 4th quarter worth about $74,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Nestle by 412.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after acquiring an additional 751 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.