Embecta (NASDAQ:EMBC) Reaches New 1-Year Low - Should You Sell?

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Embecta (NASDAQ:EMBC) shares recently hit a new 52-week low of $8.72, trading at $8.7990 with a market cap of $519M. Despite analysts having a “Hold” consensus and a target price of $18.50, the stock is below its 50-day and 200-day moving averages. The company delivered a strong quarterly earnings beat and offers a 6.8% dividend yield, yet institutional ownership is high at almost 93.8%.

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