Distribution Solutions Group (NASDAQ:DSGR) Sets New 1-Year Low – Time to Sell?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.90 and last traded at $28.07, with a volume of 3141 shares trading hands. The stock had previously closed at $28.45.

Analysts Set New Price Targets

Separately, Barrington Research raised their price target on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th.

Distribution Solutions Group Trading Down 0.3 %

The business has a fifty day moving average of $32.49 and a 200-day moving average of $36.01. 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 company has a market capitalization of $1.33 billion, a P/E ratio of 709.18 and a beta of 0.95.

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB increased its holdings in Distribution Solutions Group by 1.7% during the 4th quarter. Swedbank AB now owns 661,292 shares of the company’s stock worth $22,748,000 after purchasing an additional 11,292 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Distribution Solutions Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 569,214 shares of the company’s stock worth $19,581,000 after buying an additional 7,996 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its stake in shares of Distribution Solutions Group by 23.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after buying an additional 34,892 shares during the last quarter. Catawba River Capital bought a new stake in Distribution Solutions Group in the 4th quarter valued at about $6,249,000. Finally, First Trust Advisors LP lifted its stake in shares of Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock valued at $5,469,000 after buying an additional 64,129 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

About Distribution Solutions Group

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.