The stock of Mativ Holdings Inc (NYSE:MATV) last traded at $18.72, down -0.48% from the previous session.
MATV stock price is now 3.53% away from the 50-day moving average and 22.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
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With the price target of $32, CJS Securities recently initiated with Market Outperform rating for Mativ Holdings Inc (NYSE: MATV).
In other news, Keenan Jeffrey, Director bought 2,000 shares of the company’s stock on Mar 18 ’24. The stock was bought for $35,460 at an average price of $17.73. Upon completion of the transaction, the Director now directly owns 336,500 shares in the company, valued at $6.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director Keenan Jeffrey bought 500 shares of the business’s stock. A total of $8,925 was incurred on buying the stock at an average price of $17.85. This leaves the insider owning 334,500 shares of the company worth $6.26 million. A total of 3.39% of the company’s stock is owned by insiders.
During the past 12 months, Mativ Holdings Inc has had a low of $10.78 and a high of $19.08. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 2.54, and a quick ratio of 1.40. The fifty day moving average price for MATV is $18.1058 and a two-hundred day moving average price translates $15.3155 for the stock.
The latest earnings results from Mativ Holdings Inc (NYSE: MATV) was released for 2024-03-31. According to the Specialty Chemicals Company, earnings per share came in at 0.51, beating analysts’ expectations of 0.37 by 0.14. This compares to $0.14 EPS in the same period last year. The net profit margin was -15.55% and return on equity was -49.46% for MATV. The company reported revenue of $500.2 million for the quarter, compared to $549.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.89 percent. For the current quarter, analysts expect MATV to generate $525.75M in revenue.
