Janus International Group (NYSE:JBI) Hits New 12-Month Low – Should You Sell?

Janus International Group, Inc. (NYSE:JBI)’s share price reached a new 52-week low on Thursday . The company traded as low as $5.70 and last traded at $6.19, with a volume of 751 shares. The stock had previously closed at $6.06.

Wall Street Analysts Forecast Growth

Separately, KeyCorp lowered their price target on Janus International Group from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Janus International Group presently has an average rating of “Hold” and an average price target of $9.75.

Janus International Group Stock Up 5.5 %

The company has a market cap of $897.29 million, a PE ratio of 8.88 and a beta of 1.09. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average is $7.59 and its 200-day moving average is $7.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Janus International Group by 216.2% in the third quarter. Barclays PLC now owns 235,897 shares of the company’s stock valued at $2,385,000 after acquiring an additional 161,290 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Janus International Group by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,125,266 shares of the company’s stock worth $72,036,000 after purchasing an additional 435,721 shares during the period. Principal Financial Group Inc. grew its holdings in Janus International Group by 854.2% during the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after buying an additional 163,711 shares in the last quarter. State Street Corp raised its position in shares of Janus International Group by 9.5% during the third quarter. State Street Corp now owns 2,827,183 shares of the company’s stock valued at $28,583,000 after buying an additional 244,322 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Janus International Group by 13.9% in the fourth quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company’s stock worth $24,054,000 after buying an additional 397,301 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

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.