Solo Brands (NYSE:DTC) Shares Down 0.9% – Should You Sell?

Solo Brands, Inc. (NYSE:DTC) shares fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $12.22 and last traded at $12.24. 1,119 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 15,880 shares. The stock had previously closed at $12.35.

Solo Brands Trading Down 0.9%

The firm has a market capitalization of $28.24 million, a P/E ratio of -0.15 and a beta of 4.81. The business’s fifty day moving average is $13.88 and its 200 day moving average is $11.37.

Institutional Investors Weigh In On Solo Brands

An institutional investor recently raised its position in Solo Brands stock. Jacobs Levy Equity Management Inc. lifted its stake in shares of Solo Brands, Inc. (NYSE:DTC) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,307 shares of the company’s stock after acquiring an additional 11,025 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.60% of Solo Brands worth $624,000 at the end of the most recent reporting period. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Solo Brands Company Profile

Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.