ODP (NASDAQ:ODP) Share Price Passes Above Two Hundred Day Moving Average of $37.27

The ODP Co. (NASDAQ:ODPGet Rating)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.27 and traded as high as $46.82. ODP shares last traded at $46.34, with a volume of 386,060 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ODP shares. StockNews.com started coverage on shares of ODP in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock. UBS Group decreased their price objective on shares of ODP from $50.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th.

ODP Trading Up 1.1 %

The stock has a market cap of $2.12 billion, a PE ratio of -20.32 and a beta of 1.77. The business’s fifty day moving average is $38.83 and its 200 day moving average is $37.27. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 0.12.

Institutional Trading of ODP

A number of institutional investors have recently added to or reduced their stakes in the stock. FORA Capital LLC purchased a new stake in shares of ODP in the first quarter valued at about $226,000. Alta Fundamental Advisers LLC raised its position in shares of ODP by 15.9% in the first quarter. Alta Fundamental Advisers LLC now owns 388,139 shares of the specialty retailer’s stock valued at $17,788,000 after buying an additional 53,170 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of ODP by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 6,614 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 343 shares during the last quarter. Prelude Capital Management LLC raised its position in shares of ODP by 2.2% in the first quarter. Prelude Capital Management LLC now owns 219,257 shares of the specialty retailer’s stock valued at $10,049,000 after buying an additional 4,750 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ODP by 67.9% in the first quarter. JPMorgan Chase & Co. now owns 357,529 shares of the specialty retailer’s stock valued at $16,385,000 after buying an additional 144,572 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

ODP Company Profile

(Get Rating)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.

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