The stock of Mativ Holdings Inc (NYSE:MATV) last traded at $17.18, up 1.48% from the previous session.
MATV stock price is now -3.89% away from the 50-day moving average and 11.94% away from the 200-day moving average. The market capitalization of the company currently stands at $933.22M.
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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 $5.78 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 $5.75 million. A total of 2.39% 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 $19.34. 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 $17.8512 and a two-hundred day moving average price translates $15.35115 for the stock.
The latest earnings results from Mativ Holdings Inc (NYSE: MATV) was released for 2024-03-31. 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.
Mativ Holdings Inc(MATV) Company Profile
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. This segment sells its products directly, as well as through sales agents and distributors. The Fiber-Based Solutions segment produces packaging and specialty paper products. This segment provides premium packaging products that are used for wine, spirits and beer labels, folding cartons, box wrap, bags, hang tags, and stored value cards servicing retail, cosmetics, spirits, and electronics end-use markets; and premium papers, which are used in commercial printing services, advertising collateral, stationery, corporate identity packages and brochures, direct mail, business cards, and other uses. It also offers branded paper-based products for the consumer channel, such as bright papers, cardstock, stationery paper, envelopes, journals, and planners. This segment distributes its products through authorized paper distributors, converters, retailers, and specialty business converters, as well as directly to end-users. The company was formerly known as Schweitzer-Mauduit International, Inc. and changed its name to Mativ Holdings, Inc. in July 2022. Mativ Holdings, Inc. was incorporated in 1995 and is headquartered in Alpharetta, Georgia.
