OPAL Fuels (NASDAQ:OPAL) Hits New 52-Week Low – Time to Sell?

OPAL Fuels Inc. (NASDAQ:OPAL) hit a new 52-week low on Thursday . The company traded as low as $3.00 and last traded at $3.01, with a volume of 201794 shares. The stock had previously closed at $3.16.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $8.00 to $5.00 in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

OPAL Fuels Trading Down 0.7 %

The firm’s 50-day moving average price is $3.70 and its 200 day moving average price is $3.81. The company has a market cap of $516.76 million, a price-to-earnings ratio of 16.61 and a beta of 0.51.

Hedge Funds Weigh In On OPAL Fuels

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after purchasing an additional 39,325 shares during the period. Inspire Investing LLC acquired a new position in OPAL Fuels during the third quarter worth $430,000. SIR Capital Management L.P. raised its holdings in OPAL Fuels by 76.3% during the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after buying an additional 167,940 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of OPAL Fuels in the second quarter valued at $93,000. Finally, Marshall Wace LLP acquired a new position in shares of OPAL Fuels during the second quarter valued at about $389,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.