BRP (NASDAQ:DOOO) Reaches New 52-Week Low - What's Next?
BRP Inc. (NASDAQ:DOOO - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $36.27 and last traded at $36.65, with a volume of 12068 shares trading hands. The stock had previously closed at $37.21.
Separately, Citigroup lowered BRP from a "neutral" rating to a "sell" rating and dropped their price target for the company from $48.00 to $29.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.80.
View Our Latest Research Report on DOOO
The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The firm has a fifty day moving average price of $44.47 and a two-hundred day moving average price of $50.81. The stock has a market capitalization of $2.68 billion, a PE ratio of 19.41 and a beta of 2.03.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in shares of BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after buying an additional 490 shares during the period. Signaturefd LLC grew its stake in BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after purchasing an additional 903 shares in the last quarter. Dnca Finance grew its stake in BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after purchasing an additional 369 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in BRP in the fourth quarter worth approximately $77,000. Finally, DRW Securities LLC bought a new position in BRP in the third quarter worth approximately $161,000.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.
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