WBI (NYSE:WBI) Shares Down 5.3% – Time to Sell?

Shares of WBI (NYSE:WBI) traded down 5.3% during trading on Monday . The company traded as low as $23.53 and last traded at $24.01. 260,049 shares were traded during mid-day trading, a decline of 60% from the average session volume of 644,923 shares. The stock had previously closed at $25.35.

Analyst Upgrades and Downgrades

WBI has been the subject of a number of research reports. Wells Fargo & Company increased their price target on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group set a $33.00 target price on WBI in a report on Monday. Finally, Weiss Ratings started coverage on WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $29.50.

WBI Stock Down 5.6%

The company has a debt-to-equity ratio of 0.90, a current ratio of 3.36 and a quick ratio of 3.36. The stock has a market capitalization of $2.95 billion and a price-to-earnings ratio of -1,195.95. The business has a 50-day moving average price of $23.97.

WBI (NYSE:WBI) last announced its quarterly earnings data on Friday, March 13th. The company reported ($0.10) EPS for the quarter. The business had revenue of $208.88 million during the quarter.

WBI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. WBI’s payout ratio is currently -1,000.00%.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.