Weis Markets (NYSE:WMK) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Weis Markets, Inc. (NYSE:WMK) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $73.97 and traded as low as $62.96. Weis Markets shares last traded at $63.9260, with a volume of 134,338 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Weis Markets currently has an average rating of “Hold”.

Weis Markets Stock Performance

The company has a market capitalization of $1.58 billion, a P/E ratio of 15.90 and a beta of 0.48. The business’s fifty day simple moving average is $70.00 and its 200-day simple moving average is $73.97.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $1.21 billion for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. Weis Markets’s dividend payout ratio (DPR) is presently 33.83%.

Hedge Funds Weigh In On Weis Markets

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of Weis Markets in the 3rd quarter worth $352,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Weis Markets by 72.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,988 shares of the company’s stock worth $646,000 after buying an additional 3,786 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Weis Markets in the 3rd quarter worth $74,000. Diversified Trust Co grew its stake in shares of Weis Markets by 5.6% in the 3rd quarter. Diversified Trust Co now owns 9,515 shares of the company’s stock worth $684,000 after buying an additional 504 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Weis Markets by 105.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 11,610 shares of the company’s stock worth $834,000 after buying an additional 5,958 shares in the last quarter.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.