West Marine (NASDAQ:WMAR) Earns Daily Coverage Optimism Score of 0.09
News coverage about West Marine (NASDAQ:WMAR) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. West Marine earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.3356338422547 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
West Marine (NASDAQ WMAR) traded up 0.08% during trading on Friday, hitting $12.90. 139,987 shares of the company’s stock were exchanged. The company has a market cap of $326.10 million, a price-to-earnings ratio of 40.82 and a beta of 1.31. The firm has a 50 day moving average price of $12.41 and a 200 day moving average price of $10.38. West Marine has a 52-week low of $7.77 and a 52-week high of $13.01.
Several analysts have weighed in on WMAR shares. B. Riley reissued a “buy” rating and issued a $12.00 price target on shares of West Marine in a research note on Thursday, April 27th. TheStreet raised shares of West Marine from a “c+” rating to a “b” rating in a research note on Thursday, April 27th. Zacks Investment Research downgraded shares of West Marine from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Forward View raised shares of West Marine from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, BidaskClub raised shares of West Marine from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $9.99.
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West Marine Company Profile
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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