Mativ (NYSE:MATV) Reaches New 12-Month Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV)’s share price hit a new 52-week low on Monday . The company traded as low as $9.44 and last traded at $9.53, with a volume of 12958 shares trading hands. The stock had previously closed at $9.60.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus initiated coverage on shares of Mativ in a research note on Thursday, November 21st. They set a “hold” rating and a $15.50 target price on the stock.

Mativ Trading Up 2.2 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The firm has a market cap of $536.30 million, a price-to-earnings ratio of 5.04, a PEG ratio of 3.32 and a beta of 0.68. The business has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $15.34.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

Institutional Investors Weigh In On Mativ

A number of institutional investors have recently added to or reduced their stakes in MATV. nVerses Capital LLC bought a new position in shares of Mativ during the third quarter valued at $25,000. Point72 DIFC Ltd bought a new position in Mativ during the 3rd quarter worth $35,000. Truvestments Capital LLC acquired a new position in Mativ during the 3rd quarter worth about $82,000. FMR LLC grew its position in shares of Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after buying an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mativ in the third quarter valued at about $146,000. 94.95% of the stock is owned by institutional investors.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.