ODP (NASDAQ:ODP) Sets New 1-Year Low – Should You Sell?

The ODP Co. (NASDAQ:ODP) hit a new 52-week low during trading on Monday . The stock traded as low as $20.49 and last traded at $20.79, with a volume of 12422 shares traded. The stock had previously closed at $20.56.

Wall Street Analysts Forecast Growth

ODP has been the subject of several research analyst reports. UBS Group dropped their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

ODP Trading Down 0.4 %

The stock’s fifty day simple moving average is $24.02 and its two-hundred day simple moving average is $27.87. The firm has a market cap of $617.04 million, a PE ratio of -22.50, a PEG ratio of 0.35 and a beta of 1.38. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ODP

Institutional investors have recently modified their holdings of the stock. KBC Group NV raised its holdings in shares of ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 868 shares during the last quarter. GAMMA Investing LLC grew its position in ODP by 380.1% in the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after purchasing an additional 3,071 shares during the period. SG Americas Securities LLC bought a new position in shares of ODP during the 3rd quarter valued at $104,000. Inceptionr LLC purchased a new position in shares of ODP in the 4th quarter worth $223,000. Finally, New York State Common Retirement Fund boosted its stake in shares of ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock worth $258,000 after buying an additional 1,700 shares during the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

About ODP

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.