ODP (NASDAQ:ODP) Hits New 1-Year Low – Here’s What Happened

The ODP Co. (NASDAQ:ODP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.41 and last traded at $19.63, with a volume of 89397 shares changing hands. The stock had previously closed at $20.18.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ODP shares. StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group dropped their price target on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Stock Performance

The stock has a market cap of $584.59 million, a P/E ratio of -21.33, a P/E/G ratio of 0.35 and a beta of 1.38. The company has a fifty day moving average price of $23.13 and a 200 day moving average price of $26.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

Institutional Investors Weigh In On ODP

Institutional investors have recently bought and sold shares of the stock. KBC Group NV grew its holdings in ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after buying an additional 868 shares in the last quarter. SG Americas Securities LLC bought a new stake in ODP during the third quarter worth $104,000. GAMMA Investing LLC grew its holdings in ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after buying an additional 3,071 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in ODP by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock worth $98,000 after buying an additional 1,198 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in ODP during the fourth quarter worth $143,000. Institutional investors own 99.56% of the company’s stock.

About ODP

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.