ODP (NASDAQ:ODP) Stock Price Down 4.4% – Time to Sell?

The ODP Co. (NASDAQ:ODP)’s share price dropped 4.4% on Thursday . The company traded as low as $24.72 and last traded at $24.89. Approximately 150,926 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 471,669 shares. The stock had previously closed at $26.04.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

ODP Trading Down 5.5 %

The stock has a market cap of $741.51 million, a P/E ratio of -27.05, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm’s 50 day simple moving average is $28.16 and its two-hundred day simple moving average is $32.18.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.89). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. ODP’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. As a group, equities research analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ODP

A number of institutional investors have recently bought and sold shares of ODP. CWM LLC lifted its holdings in shares of ODP by 81.3% during the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 422 shares during the last quarter. Quarry LP raised its position in ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 688 shares in the last quarter. Innealta Capital LLC bought a new position in ODP during the second quarter valued at approximately $68,000. KBC Group NV lifted its stake in ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 868 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in ODP in the third quarter worth approximately $104,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Company Profile

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.