Stellantis (NYSE:STLA) Hits New 1-Year Low – Time to Sell?

Stellantis (NYSE:STLA)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $12.29 and last traded at $12.29, with a volume of 1935590 shares trading hands. The stock had previously closed at $13.20.

Analyst Ratings Changes

STLA has been the topic of a number of research analyst reports. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

The company has a 50-day moving average of $13.54 and a 200-day moving average of $16.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Investors Weigh In On Stellantis

Large investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in Stellantis in the 2nd quarter valued at $25,000. ORG Partners LLC purchased a new stake in shares of Stellantis in the second quarter valued at about $38,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis during the third quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new position in Stellantis during the third quarter worth about $35,000. Finally, Ridgewood Investments LLC acquired a new stake in Stellantis in the second quarter valued at about $54,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.