Mativ (NYSE:MATV) Reaches New 52-Week Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV) shares hit a new 52-week low on Tuesday . The company traded as low as $10.48 and last traded at $10.56, with a volume of 152911 shares changing hands. The stock had previously closed at $10.84.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus started coverage on shares of Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective for the company.

Mativ Trading Down 4.7 %

The business has a fifty day moving average price of $12.70 and a 200 day moving average price of $15.65. The firm has a market cap of $561.29 million, a PE ratio of 5.27, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.87%. Mativ’s dividend payout ratio is presently 20.41%.

Institutional Investors Weigh In On Mativ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Mativ in the 3rd quarter valued at $567,000. PDT Partners LLC purchased a new stake in shares of Mativ in the third quarter valued at about $817,000. Franklin Resources Inc. grew its position in shares of Mativ by 8.3% in the third quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after purchasing an additional 2,648 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Mativ during the 2nd quarter worth approximately $778,000. Finally, Barclays PLC raised its position in shares of Mativ by 227.5% during the 3rd quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after purchasing an additional 71,436 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.