Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Rating)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $39.46, but opened at $38.54. Distribution Solutions Group shares last traded at $38.54, with a volume of 332 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barrington Research cut their price target on Distribution Solutions Group to $57.00 in a research note on Wednesday, November 16th.
Get Distribution Solutions Group alerts:Distribution Solutions Group Price Performance
The stock has a 50-day moving average price of $36.87 and a 200 day moving average price of $38.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.50 and a quick ratio of 1.16. The firm has a market cap of $747.68 million, a price-to-earnings ratio of 26.66 and a beta of 0.85.
Distribution Solutions Group (NASDAQ:DSGR – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.28. Distribution Solutions Group had a return on equity of 10.50% and a net margin of 2.25%. The business had revenue of $347.15 million for the quarter, compared to analysts' expectations of $322.00 million. As a group, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.52 earnings per share for the current fiscal year.Institutional Trading of Distribution Solutions Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in shares of Distribution Solutions Group during the third quarter worth about $55,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Distribution Solutions Group during the third quarter worth about $312,000. Lord Abbett & CO. LLC acquired a new position in Distribution Solutions Group in the 3rd quarter valued at about $524,000. Jane Street Group LLC acquired a new position in Distribution Solutions Group in the 3rd quarter valued at about $566,000. Finally, Bank of New York Mellon Corp acquired a new position in Distribution Solutions Group in the 3rd quarter valued at about $660,000. Institutional investors and hedge funds own 92.25% of the company's stock.
Distribution Solutions Group Company Profile
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Distribution Solutions Group, Inc operates as a specialty distribution company. It provides distribution solutions to the maintenance, repair, and operations (MRO), original equipment manufacturer, and the industrial technologies markets. The company was founded in 1952 and is headquartered in Chicago, Illinois.
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