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

Investment analysts at StockNews.com started coverage on shares of Tupperware Brands (NYSE:TUP) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Tupperware Brands Stock Performance

The stock’s 50-day moving average is $1.11 and its 200 day moving average is $1.31. Tupperware Brands has a 1 year low of $0.47 and a 1 year high of $2.72. The company has a market cap of $21.94 million, a price-to-earnings ratio of 0.37 and a beta of 2.90.

Hedge Funds Weigh In On Tupperware Brands

A hedge fund recently raised its stake in Tupperware Brands stock. XTX Topco Ltd grew its holdings in Tupperware Brands Co. (NYSE:TUP) by 19.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,615 shares of the company’s stock after buying an additional 11,534 shares during the quarter. XTX Topco Ltd owned approximately 0.15% of Tupperware Brands worth $100,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 25.06% of the company’s stock.

About Tupperware Brands

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.