Sony Group (NYSE:SONY) Hits New 52-Week Low at $79.94

Sony Group Co. (NYSE:SONYGet Rating)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $79.94 and last traded at $80.06, with a volume of 1121018 shares changing hands. The stock had previously closed at $82.00.

Several equities research analysts have issued reports on the company. StockNews.com assumed coverage on Sony Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded Sony Group from a “buy” rating to a “sell” rating and set a $115.00 price target for the company. in a report on Friday, February 4th.

The firm has a fifty day simple moving average of $94.51 and a 200-day simple moving average of $109.19. The firm has a market cap of $106.17 billion, a price-to-earnings ratio of 13.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.65.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cedar Wealth Management LLC acquired a new stake in shares of Sony Group during the third quarter worth $25,000. Smithfield Trust Co acquired a new stake in shares of Sony Group during the third quarter worth $26,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Sony Group during the fourth quarter worth $29,000. CVA Family Office LLC acquired a new stake in shares of Sony Group during the fourth quarter worth $31,000. Finally, Hexagon Capital Partners LLC acquired a new stake in shares of Sony Group during the fourth quarter worth $38,000.

Sony Group Company Profile (NYSE:SONY)

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

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