Oatly Group (NASDAQ:OTLY) Sees Unusually-High Trading Volume

Oatly Group AB (NASDAQ:OTLY) shares saw strong trading volume on Friday . 678,810 shares changed hands during mid-day trading, a decline of 62% from the previous session’s volume of 1,776,896 shares.The stock last traded at $0.96 and had previously closed at $0.97.

Oatly Group Stock Down 2.8 %

The company has a market cap of $559.36 million, a price-to-earnings ratio of -1.18 and a beta of 2.15. The company has a current ratio of 0.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $1.08 and its 200-day moving average price is $1.11.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. Oatly Group had a negative net margin of 49.19% and a negative return on equity of 41.06%. During the same period in the prior year, the business earned ($0.13) EPS. Sell-side analysts predict that Oatly Group AB will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Asset Management Holding S.A. boosted its stake in Oatly Group by 72.0% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock worth $7,109,000 after purchasing an additional 2,521,847 shares during the period. CastleKnight Management LP lifted its position in Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock worth $1,803,000 after buying an additional 1,239,874 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Oatly Group during the 1st quarter worth about $998,000. Green Alpha Advisors LLC lifted its position in Oatly Group by 199.1% during the 4th quarter. Green Alpha Advisors LLC now owns 636,937 shares of the company’s stock worth $752,000 after buying an additional 423,971 shares in the last quarter. Finally, IPG Investment Advisors LLC lifted its position in Oatly Group by 11.0% during the 4th quarter. IPG Investment Advisors LLC now owns 503,000 shares of the company’s stock worth $594,000 after buying an additional 50,000 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Company Profile

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.