StockNews.com Begins Coverage on Tupperware Brands (NYSE:TUP)

StockNews.com assumed coverage on shares of Tupperware Brands (NYSE:TUP) in a research note released on Monday. The firm issued a hold rating on the stock.

Tupperware Brands Stock Performance

The business’s 50 day moving average is $1.11 and its two-hundred day moving average is $1.31. The company has a market cap of $21.94 million, a price-to-earnings ratio of 0.37 and a beta of 2.90. Tupperware Brands has a 52 week low of $0.47 and a 52 week high of $2.72.

Institutional Investors Weigh In On Tupperware Brands

A hedge fund recently bought a new stake in Tupperware Brands stock. State Board of Administration of Florida Retirement System purchased a new position in shares of Tupperware Brands Co. (NYSE:TUP) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,702 shares of the company’s stock, valued at approximately $26,000. Hedge funds and other institutional investors own 25.06% of the company’s stock.

Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a consumer products company in the Asia Pacific, Europe, Africa, the Middle East, North America, and South America. The company manufactures, markets, and sells design-centric preparation, storage, and serving solutions for the kitchen and home under the Tupperware brand name, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.