BRP (NASDAQ:DOOO) Hits New 1-Year Low – Time to Sell?

BRP Inc. (NASDAQ:DOOO)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $36.27 and last traded at $36.65, with a volume of 12068 shares traded. The stock had previously closed at $37.21.

Analyst Upgrades and Downgrades

Separately, Citigroup cut BRP from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $48.00 to $29.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.80.

BRP Stock Performance

The stock has a fifty day moving average of $44.18 and a 200-day moving average of $50.43. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The stock has a market cap of $2.68 billion, a PE ratio of 19.49 and a beta of 2.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after purchasing an additional 490 shares during the period. Signaturefd LLC raised its position in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after buying an additional 903 shares during the last quarter. Dnca Finance lifted its stake in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock worth $71,000 after acquiring an additional 369 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of BRP in the fourth quarter valued at about $77,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of BRP in the fourth quarter valued at about $148,000.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.