Janus International Group (NYSE:JBI) Reaches New 52-Week Low – Time to Sell?

Janus International Group, Inc. (NYSE:JBI)’s stock price reached a new 52-week low on Thursday . The company traded as low as $5.79 and last traded at $5.7650, with a volume of 518726 shares. The stock had previously closed at $5.86.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Janus International Group in a report on Monday. Jefferies Financial Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. UBS Group lowered their target price on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, KeyCorp lifted their price target on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.17.

Janus International Group Price Performance

The company has a market cap of $825.18 million, a PE ratio of 17.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.03 and a quick ratio of 2.57. The stock’s 50-day moving average is $9.02 and its 200 day moving average is $8.98.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $148.59 million for the quarter. Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. On average, equities analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Several institutional investors have recently added to or reduced their stakes in JBI. Wasatch Advisors LP grew its stake in shares of Janus International Group by 37.5% during the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,435,777 shares during the last quarter. Ameriprise Financial Inc. grew its position in Janus International Group by 10.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after purchasing an additional 381,462 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Janus International Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company’s stock valued at $36,075,000 after purchasing an additional 48,890 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Janus International Group by 914.9% in the first quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock worth $26,163,000 after buying an additional 3,275,656 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Janus International Group by 0.6% during the second quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock worth $26,355,000 after buying an additional 18,704 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.