Mativ (NYSE:MATV) Hits New 1-Year Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.85 and last traded at $9.00, with a volume of 325211 shares. The stock had previously closed at $8.90.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

Mativ Trading Down 3.5 %

The firm has a market capitalization of $476.56 million, a PE ratio of 4.47, a PEG ratio of 1.37 and a beta of 0.66. The business has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $14.28. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Institutional Investors Weigh In On Mativ

A number of institutional investors have recently made changes to their positions in MATV. nVerses Capital LLC purchased a new position in shares of Mativ during the 3rd quarter worth approximately $25,000. Illinois Municipal Retirement Fund lifted its stake in Mativ by 5.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock worth $352,000 after purchasing an additional 1,583 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Mativ by 1.0% during the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock worth $1,853,000 after buying an additional 1,649 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Mativ in the third quarter valued at $35,000. Finally, Creative Planning raised its holdings in shares of Mativ by 17.6% in the 3rd quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after buying an additional 2,295 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Company Profile

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.