ODP (NASDAQ:ODP) Stock Price Up 4.8% – Still a Buy?

The ODP Co. (NASDAQ:ODP)’s share price shot up 4.8% during trading on Monday . The company traded as high as $18.75 and last traded at $18.98. 125,252 shares were traded during mid-day trading, a decline of 69% from the average session volume of 409,944 shares. The stock had previously closed at $18.11.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ODP. UBS Group reduced their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

ODP Stock Up 4.4 %

The company has a market cap of $569.56 million, a price-to-earnings ratio of -20.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The stock’s fifty day moving average is $22.56 and its two-hundred day moving average is $26.49.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. KBC Group NV raised its position in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 868 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ODP in the third quarter valued at about $104,000. GAMMA Investing LLC lifted its position in shares of ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after purchasing an additional 3,071 shares in the last quarter. Tower Research Capital LLC TRC grew its position in ODP by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock worth $98,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ODP during the 4th quarter worth approximately $143,000. Institutional investors own 99.56% of the company’s stock.

About ODP

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.