Distribution Solutions Group (NASDAQ:DSGR) Hits New 12-Month Low – Time to Sell?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) shares hit a new 52-week low on Monday . The stock traded as low as $27.30 and last traded at $28.00, with a volume of 84527 shares traded. The stock had previously closed at $27.91.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $44.00 price objective on shares of Distribution Solutions Group in a report on Tuesday, March 11th.

Distribution Solutions Group Stock Up 1.6 %

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 715.18 and a beta of 0.92. The business’s 50 day moving average price is $30.24 and its 200 day moving average price is $35.03.

Institutional Trading of Distribution Solutions Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Distribution Solutions Group during the 4th quarter worth about $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Distribution Solutions Group during the third quarter worth approximately $87,000. SG Americas Securities LLC grew its holdings in Distribution Solutions Group by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after purchasing an additional 1,046 shares during the period. Wells Fargo & Company MN increased its position in shares of Distribution Solutions Group by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock valued at $174,000 after buying an additional 1,634 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Distribution Solutions Group by 21.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after buying an additional 891 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.