Nature Wood Group (NASDAQ:NWGL) Trading Down 3.1% – Should You Sell?

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) shares fell 3.1% during trading on Tuesday . The company traded as low as $1.2150 and last traded at $1.26. 30,463 shares changed 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.

Analysts Set New Price Targets

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

Nature Wood Group Trading Down 1.2%

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

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

Hedge Funds Weigh In On Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.24% of Nature Wood Group at the end of the most recent quarter.

About Nature Wood Group

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.