Nature Wood Group (NASDAQ:NWGL) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Nature Wood Group (NASDAQ:NWGL) to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nature Wood Group has an average rating of “Sell”.

Nature Wood Group Trading Up 23.3%

NASDAQ NWGL opened at $1.27 on Friday. The business’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.73. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Nature Wood Group has a 12 month low of $0.19 and a 12 month high of $1.82.

Institutional Trading of Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC acquired a new position in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 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.