Nature Wood Group (NASDAQ:NWGL) Shares Down 3.1% – Here’s Why

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) fell 3.1% during trading on Tuesday . The company traded as low as $1.2150 and last traded at $1.26. 30,463 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 43,690 shares. The stock had previously closed at $1.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nature Wood Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nature Wood Group has an average rating of “Sell”.

Nature Wood Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.59 and a quick ratio of 1.29. The firm’s 50 day simple moving average is $1.28 and its 200-day simple moving average is $1.32.

Nature Wood Group (NASDAQ:NWGL) last issued its earnings results on Monday, December 29th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $4.05 million during the quarter.

Hedge Funds Weigh In On Nature Wood Group

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC bought a new position in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group at the end of the most recent quarter.

Nature Wood Group Company Profile

Nature Wood Group, Inc engages in the design, manufacture and sale of wood-based panels and decorative surfaces for use in furniture, cabinetry, flooring and interior fit-outs. The company’s offerings include medium-density fiberboard, melamine-faced panels, decorative paper and edge-banding products, all tailored to meet the specifications of residential and commercial customers.

Through an integrated production model, Nature Wood Group oversees key stages from raw material procurement and wood refining to finishing and quality control.