Oatly Group (NASDAQ:OTLY) Sees Large Volume Increase

Oatly Group AB (NASDAQ:OTLY) saw unusually-strong trading volume on Friday . Approximately 678,810 shares were traded during trading, a decline of 62% from the previous session’s volume of 1,776,896 shares.The stock last traded at $0.96 and had previously closed at $0.97.

Wall Street Analyst Weigh In

Separately, DA Davidson assumed coverage on Oatly Group in a report on Friday, March 1st. They set a “buy” rating and a $1.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2.11.

Oatly Group Stock Down 3.5 %

The stock has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.11. The company has a current ratio of 0.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Oatly Group had a negative return on equity of 41.06% and a negative net margin of 49.19%. The company had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. During the same quarter last year, the business posted ($0.13) earnings per share. Analysts anticipate that Oatly Group AB will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors have recently modified their holdings of OTLY. Independent Advisor Alliance bought a new position in shares of Oatly Group during the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Oatly Group in the fourth quarter valued at approximately $32,000. Quadrature Capital Ltd acquired a new stake in Oatly Group in the fourth quarter valued at approximately $44,000. SG Americas Securities LLC boosted its stake in Oatly Group by 150.7% in the fourth quarter. SG Americas Securities LLC now owns 67,489 shares of the company’s stock valued at $80,000 after acquiring an additional 40,566 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Oatly Group in the third quarter valued at approximately $68,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.