Mativ (NYSE:MATV) Reaches New 52-Week Low – Here’s Why

Mativ Holdings, Inc. (NYSE:MATV) shares reached a new 52-week low during trading on Tuesday . The stock 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 research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective for the company.

Mativ Trading Down 3.5 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The company’s 50-day moving average price is $10.43 and its 200-day moving average price is $14.28. 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Versor Investments LP acquired a new stake in shares of Mativ during the 3rd quarter worth about $567,000. JPMorgan Chase & Co. increased its stake in Mativ by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock valued at $3,344,000 after purchasing an additional 60,930 shares during the last quarter. Barclays PLC raised its holdings in Mativ by 227.5% during the third quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after purchasing an additional 71,436 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Mativ during the 3rd quarter worth approximately $817,000. Finally, Franklin Resources Inc. lifted its position in shares of Mativ by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock worth $574,000 after buying an additional 2,648 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

About Mativ

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.