Ozon (NASDAQ:OZON) Stock Price Down 3.5%

Ozon Holdings PLC (NASDAQ:OZON) dropped 3.5% during trading on Thursday . The stock traded as low as $26.52 and last traded at $26.56. Approximately 1,902 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 988,870 shares. The stock had previously closed at $27.51.

Separately, JPMorgan Chase & Co. raised Ozon from a “neutral” rating to an “overweight” rating and cut their price target for the company from $65.00 to $60.00 in a report on Wednesday, November 17th.

The firm has a 50 day moving average of $35.20 and a two-hundred day moving average of $45.64. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.92 and a quick ratio of 1.67.

Ozon (NASDAQ:OZON) last announced its quarterly earnings results on Tuesday, November 16th. The company reported ($0.88) EPS for the quarter. The firm had revenue of $564.83 million during the quarter. Equities analysts predict that Ozon Holdings PLC will post -3.43 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in OZON. Exchange Traded Concepts LLC boosted its position in Ozon by 1,948.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,777 shares of the company’s stock worth $171,000 after purchasing an additional 5,495 shares during the last quarter. American International Group Inc. purchased a new stake in Ozon during the 3rd quarter worth about $35,000. Bank of New York Mellon Corp lifted its holdings in Ozon by 29.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 44,503 shares of the company’s stock worth $2,245,000 after purchasing an additional 10,090 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Ozon by 18.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,900 shares of the company’s stock worth $550,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Ozon by 22.8% in the 3rd quarter. Janus Henderson Group PLC now owns 248,102 shares of the company’s stock worth $12,510,000 after acquiring an additional 46,124 shares during the last quarter. Institutional investors and hedge funds own 20.50% of the company’s stock.

About Ozon (NASDAQ:OZON)

Ozon Holdings PLC, together with its subsidiaries, operates as an internet retailer of multi-category consumer products to the general public primarily in the Russian Federation. The company offers products in various categories that include electronics, home and décor products, children's goods, fast moving consumer goods, fresh food, and car parts.

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