Latham Group, Inc. (NASDAQ:SWIM – Get Rating) shares reached a new 52-week low on Wednesday . The stock traded as low as $5.02 and last traded at $5.15, with a volume of 752518 shares changing hands. The stock had previously closed at $5.33.
Wall Street Analyst Weigh In
SWIM has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Latham Group from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Robert W. Baird lowered their price objective on shares of Latham Group from $24.00 to $16.00 in a research report on Friday, May 13th. The Goldman Sachs Group lowered shares of Latham Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $8.00 to $5.50 in a research report on Wednesday, July 13th. Barclays lowered their price objective on shares of Latham Group from $19.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Finally, Truist Financial lowered their price objective on shares of Latham Group from $25.00 to $21.00 in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.
Latham Group Stock Performance
The business has a 50 day moving average of $7.47 and a 200-day moving average of $11.93. The company has a market capitalization of $615.79 million, a P/E ratio of -7.80, a price-to-earnings-growth ratio of 0.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 2.53.
Institutional Investors Weigh In On Latham Group
Latham Group Company Profile
Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc and changed its name to Latham Group, Inc in March 2021.
- Get a free copy of the StockNews.com research report on Latham Group (SWIM)
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