West Marine Inc. (WMAR) Stock Price Up 3.4%
Shares of West Marine Inc. (NASDAQ:WMAR) rose 3.4% during trading on Wednesday . The company traded as high as $9.99 and last traded at $9.95, with a volume of 73,205 shares traded. The stock had previously closed at $9.62.
WMAR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of West Marine from a “hold” rating to a “sell” rating in a report on Saturday, July 30th. B. Riley restated a “neutral” rating and set a $10.00 price target on shares of West Marine in a report on Wednesday, August 3rd. Finally, Forward View restated a “hold” rating on shares of West Marine in a report on Friday, July 22nd.
The stock’s 50 day moving average price is $8.75 and its 200-day moving average price is $8.93. The stock has a market cap of $244.15 million and a price-to-earnings ratio of 38.70.
West Marine (NASDAQ:WMAR) last announced its earnings results on Thursday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $251.60 million for the quarter, compared to analyst estimates of $254.39 million. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that West Marine Inc. will post $0.30 EPS for the current fiscal year.
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
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