West Marine Inc. (WMAR) Stock Price Up 3.4%
Shares of West Marine Inc. (NASDAQ:WMAR) rose 3.4% during mid-day trading on Wednesday . The company traded as high as $9.99 and last traded at $9.95, with a volume of 73,205 shares changing hands. The stock had previously closed at $9.62.
WMAR has been the subject of a number of recent 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 reissued a “neutral” rating and issued a $10.00 price objective on shares of West Marine in a report on Wednesday, August 3rd. Finally, Forward View reaffirmed a “hold” rating on shares of West Marine in a report on Friday, July 22nd.
The stock has a market capitalization of $244.90 million and a P/E ratio of 38.81. The firm has a 50 day moving average price of $8.81 and a 200 day moving average price of $8.94.
West Marine (NASDAQ:WMAR) last announced its earnings results on Thursday, July 28th. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.06. The firm had revenue of $251.60 million for the quarter, compared to the consensus estimate of $254.39 million. During the same period in the prior year, the company posted $0.85 EPS. West Marine’s revenue was down .6% compared to the same quarter last year. On average, analysts forecast that West Marine Inc. will post $0.30 earnings per share for the current 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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