Distribution Solutions Group (NASDAQ:DSGR) Sets New 52-Week Low – Should You Sell?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $27.90 and last traded at $28.07, with a volume of 3141 shares traded. The stock had previously closed at $28.45.

Wall Street Analyst Weigh In

Separately, Barrington Research upped their price target on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

Distribution Solutions Group Price Performance

The stock has a market cap of $1.33 billion, a P/E ratio of 709.18 and a beta of 0.95. The business has a 50-day simple moving average of $32.49 and a 200 day simple moving average of $36.01. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03.

Institutional Trading of Distribution Solutions Group

Several institutional investors have recently added to or reduced their stakes in the stock. Catawba River Capital acquired a new position in shares of Distribution Solutions Group in the 4th quarter worth approximately $6,249,000. Monimus Capital Management LP acquired a new position in Distribution Solutions Group in the fourth quarter valued at $3,076,000. First Trust Advisors LP boosted its position in Distribution Solutions Group by 67.6% during the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock valued at $5,469,000 after acquiring an additional 64,129 shares during the last quarter. Schwartz Investment Counsel Inc. grew its holdings in Distribution Solutions Group by 23.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after acquiring an additional 34,892 shares during the period. Finally, Barclays PLC grew its holdings in Distribution Solutions Group by 342.0% during the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after acquiring an additional 13,159 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.