Distribution Solutions Group (NASDAQ:DSGR) Sets New 1-Year Low – What’s Next?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) shares reached a new 52-week low on Monday . The company traded as low as $23.85 and last traded at $25.21, with a volume of 262 shares changing hands. The stock had previously closed at $25.68.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $44.00 target price on shares of Distribution Solutions Group in a report on Tuesday, March 11th.

Distribution Solutions Group Stock Down 0.3 %

The stock’s fifty day simple moving average is $29.81 and its 200-day simple moving average is $34.82. The stock has a market cap of $1.19 billion, a P/E ratio of 634.66 and a beta of 0.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81.

Institutional Trading of Distribution Solutions Group

Institutional investors have recently modified their holdings of the stock. Catawba River Capital acquired a new position in Distribution Solutions Group in the fourth quarter valued at about $6,249,000. Monimus Capital Management LP bought a new stake in shares of Distribution Solutions Group during the 4th quarter worth approximately $3,076,000. First Trust Advisors LP boosted its position in shares of Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after acquiring an additional 64,129 shares in the last quarter. Schwartz Investment Counsel Inc. raised its position in Distribution Solutions Group by 23.0% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock valued at $6,429,000 after purchasing an additional 34,892 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Distribution Solutions Group by 342.0% in the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after purchasing an additional 13,159 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.