Solo Brands (NYSE:DTC) Shares Up 7.7% – Still a Buy?

Shares of Solo Brands, Inc. (NYSE:DTCGet Free Report) shot up 7.7% during trading on Tuesday . The stock traded as high as $6.89 and last traded at $6.83. 15,631 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 15,880 shares. The stock had previously closed at $6.34.

Solo Brands Trading Up 7.7%

The stock has a market cap of $15.76 million, a P/E ratio of -0.08 and a beta of 4.81. The company’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $10.28.

Institutional Investors Weigh In On Solo Brands

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in shares of Solo Brands in the 3rd quarter valued at approximately $197,000. Barclays PLC lifted its position in shares of Solo Brands by 1,914,750.0% during the 3rd quarter. Barclays PLC now owns 38,297 shares of the company’s stock worth $749,000 after buying an additional 38,295 shares during the period. Finally, Summit Partners L P acquired a new stake in Solo Brands in the 3rd quarter valued at $21,522,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Solo Brands Company Profile

(Get Free Report)

Solo Brands, Inc (NYSE: DTC) is an omni-channel outdoor lifestyle company that designs, markets and distributes a portfolio of consumer-focused brands. The company’s core business centers on developing innovative products for outdoor cooking, recreation and hunting enthusiasts. Through a direct-to-consumer e-commerce model and relationships with specialty and mass-market retailers, Solo Brands brings its products to customers in the United States, Canada and select international markets.

The Solo Stove brand offers stainless-steel, smokeless fire pits, portable camp stoves and related accessories designed for backyard and backcountry use.

Recommended Stories

Receive News & Ratings for Solo Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solo Brands and related companies with MarketBeat.com's FREE daily email newsletter.