Mativ (NYSE:MATV) Sets New 52-Week Low – Should You Sell?

Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.93 and last traded at $9.08, with a volume of 416511 shares trading hands. The stock had previously closed at $9.55.

Analyst Upgrades and Downgrades

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

Mativ Stock Performance

The firm’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $14.59. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The firm has a market cap of $498.03 million, a PE ratio of 4.68, a PEG ratio of 1.38 and a beta of 0.66.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $498.50 million for the quarter, compared to analysts’ expectations of $523.80 million. Mativ had a return on equity of 4.88% and a net margin of 5.44%. During the same period in the previous year, the business posted $0.21 EPS. On average, research analysts forecast that Mativ Holdings, Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Mativ

Hedge funds have recently made changes to their positions in the stock. Bailard Inc. acquired a new stake in Mativ during the 4th quarter worth approximately $313,000. Versor Investments LP lifted its holdings in Mativ by 30.8% during the 4th quarter. Versor Investments LP now owns 43,700 shares of the company’s stock worth $476,000 after buying an additional 10,300 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Mativ by 5.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock worth $352,000 after buying an additional 1,583 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Mativ by 44.2% during the 4th quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock worth $6,687,000 after buying an additional 187,970 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in Mativ by 331.8% during the 4th quarter. Wolverine Asset Management LLC now owns 79,586 shares of the company’s stock worth $867,000 after buying an additional 61,155 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Mativ

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.