Oatly Group Stock Scheduled to Reverse Split on Tuesday, February 18th (NASDAQ:OTLY)

Shares of Oatly Group AB (NASDAQ:OTLY) are set to reverse split on Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Oatly Group Trading Up 37.7 %

NASDAQ:OTLY opened at $0.53 on Friday. The company has a market cap of $315.44 million, a P/E ratio of -0.77 and a beta of 1.96. The stock’s fifty day moving average price is $0.64 and its two-hundred day moving average price is $0.77. Oatly Group has a 1 year low of $0.30 and a 1 year high of $1.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47.

Wall Street Analyst Weigh In

Separately, Barclays raised Oatly Group to a “strong-buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OTLY. Van ECK Associates Corp grew its stake in shares of Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after buying an additional 21,387 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Oatly Group during the second quarter valued at about $41,000. Rhumbline Advisers grew its stake in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after buying an additional 27,428 shares during the last quarter. Privium Fund Management B.V. bought a new position in shares of Oatly Group during the third quarter valued at about $60,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock worth $63,000 after purchasing an additional 77,600 shares during the period. 68.15% of the stock is owned by institutional investors.

Oatly Group Company Profile

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.