Wayside Technology Group (WSTG) Reaches New 52-Week Low at $11.16

Shares of Wayside Technology Group, Inc. (NASDAQ:WSTG) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.16 and last traded at $11.16, with a volume of 4200 shares traded. The stock had previously closed at $11.51.

Separately, TheStreet lowered shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research note on Tuesday, August 7th.

The company has a market capitalization of $51.03 million, a PE ratio of 9.15 and a beta of 0.14.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 13th were paid a $0.17 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.07%.

Large investors have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY bought a new stake in shares of Wayside Technology Group in the second quarter worth $256,000. Cumberland Partners Ltd bought a new stake in shares of Wayside Technology Group in the second quarter worth $492,000. Dimensional Fund Advisors LP increased its stake in shares of Wayside Technology Group by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 137,822 shares of the company’s stock worth $1,936,000 after buying an additional 4,075 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Wayside Technology Group by 2.6% in the third quarter. Renaissance Technologies LLC now owns 265,300 shares of the company’s stock worth $3,422,000 after buying an additional 6,600 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Wayside Technology Group by 12.2% in the second quarter. FMR LLC now owns 492,865 shares of the company’s stock worth $6,925,000 after buying an additional 53,610 shares during the last quarter. Institutional investors and hedge funds own 48.92% of the company’s stock.

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About Wayside Technology Group (NASDAQ:WSTG)

Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.

Further Reading: What is a Derivative?

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