Oatly Group (NASDAQ:OTLY) Stock Price Up 2.9%

Shares of Oatly Group AB (NASDAQ:OTLY) were up 2.9% during trading on Monday . The stock traded as high as $0.95 and last traded at $0.94. Approximately 2,070,045 shares traded hands during trading, an increase of 12% from the average daily volume of 1,852,616 shares. The stock had previously closed at $0.91.

Wall Street Analyst Weigh In

OTLY has been the topic of a number of research analyst reports. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $1.05 target price on shares of Oatly Group in a research note on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Oatly Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.96.

Oatly Group Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a market capitalization of $544.90 million, a PE ratio of -1.14 and a beta of 2.11. The company has a 50-day moving average price of $0.99 and a 200-day moving average price of $1.07.

Institutional Trading of Oatly Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Advisor Alliance acquired a new position in shares of Oatly Group during the fourth quarter worth about $28,000. Tower Research Capital LLC TRC bought a new stake in shares of Oatly Group in the 4th quarter worth $32,000. Quadrature Capital Ltd acquired a new position in Oatly Group in the fourth quarter worth approximately $44,000. SG Americas Securities LLC purchased a new stake in shares of Oatly Group in the 2nd quarter valued at approximately $75,000. Finally, Relative Value Partners Group LLC purchased a new stake in Oatly Group in the 4th quarter worth about $118,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

About Oatly Group

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.