Mativ Holdings, Inc. (NYSE:MATV – Get Rating) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,320,000 shares, a decline of 9.6% from the August 15th total of 1,460,000 shares. Based on an average daily volume of 512,400 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.5% of the company’s shares are sold short.
Mativ Stock Down 1.3 %
Shares of MATV stock opened at $24.32 on Monday. The firm has a market capitalization of $760.22 million, a PE ratio of 9.85 and a beta of 0.84. The company has a current ratio of 2.69, a quick ratio of 1.55 and a debt-to-equity ratio of 1.80. Mativ has a fifty-two week low of $19.08 and a fifty-two week high of $38.63. The firm’s 50 day simple moving average is $22.78.
Mativ (NYSE:MATV – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.86 earnings per share for the quarter. Mativ had a net margin of 4.91% and a return on equity of 13.90%. The firm had revenue of $426.40 million for the quarter.
Mativ Cuts Dividend
Insider Activity at Mativ
In other Mativ news, Director Jeffrey Keenan purchased 10,600 shares of Mativ stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $25.77 per share, with a total value of $273,162.00. Following the completion of the transaction, the director now directly owns 210,302 shares in the company, valued at approximately $5,419,482.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders purchased 21,132 shares of company stock worth $531,241. 1.80% of the stock is owned by company insiders.
Mativ Company Profile
Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Materials & Structures (AMS), and Engineered Papers (EP). The AMS segment manufactures resin-based rolled goods, such as nets, films and meltblown materials, bonding products, and adhesive components, as well as adhesives and other coating solutions, and converting services.
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