Solo Brands (NYSE:SBDS) Raised to Sell at Wall Street Zen

Solo Brands (NYSE:SBDS) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a research note issued on Friday.

Solo Brands Trading Up 11.8%

Shares of SBDS stock opened at $6.37 on Friday. Solo Brands has a 1 year low of $0.77 and a 1 year high of $40.00. The company has a quick ratio of 1.08, a current ratio of 3.20 and a debt-to-equity ratio of 1.75. The firm has a market cap of $15.80 million, a price-to-earnings ratio of -0.12 and a beta of 4.87.

Institutional Trading of Solo Brands

An institutional investor recently bought a new position in Solo Brands stock. Summit Partners L P bought a new stake in Solo Brands, Inc. (NYSE:SBDS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,100,870 shares of the company’s stock, valued at approximately $6,660,000. Solo Brands accounts for about 0.6% of Summit Partners L P’s investment portfolio, making the stock its 7th biggest holding. Summit Partners L P owned approximately 44.48% of Solo Brands as of its most recent SEC filing. 84.48% of the stock is owned by institutional investors.

About Solo Brands

Solo Brands, Inc (NYSE: SBDS) is a consumer products company focused on outdoor lifestyle and recreation. The company is best known for the Solo Stove brand of outdoor fire pits and portable wood-burning stoves that emphasize compact design and reduced smoke emissions. Its product lineup includes backyard fire pits, portable backpacking stoves, grills, cooking accessories and related outdoor gear designed for both casual backyard use and mobile outdoor activities.

Solo Brands markets and sells its products through a mix of direct-to-consumer e-commerce channels and third-party retail partners, supporting its branded stores and online presence with product content and community-oriented marketing.