Weis Markets, Inc. (NYSE:WMK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $36.75. Weis Markets shares last traded at $36.85, with a volume of 1,983 shares.
Separately, TheStreet lowered Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th.
The stock has a market cap of $974.78 million, a P/E ratio of 16.03 and a beta of 0.15. The company has a current ratio of 1.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $37.05.
In related news, CFO Scott F. Frost acquired 800 shares of Weis Markets stock in a transaction on Monday, June 3rd. The shares were purchased at an average cost of $37.60 per share, for a total transaction of $30,080.00. Following the purchase, the chief financial officer now directly owns 3,618 shares of the company’s stock, valued at approximately $136,036.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kurt A. Schertle acquired 1,000 shares of Weis Markets stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of $38.57 per share, for a total transaction of $38,570.00. Following the completion of the purchase, the chief operating officer now directly owns 3,000 shares in the company, valued at $115,710. The disclosure for this purchase can be found here. Insiders acquired a total of 2,400 shares of company stock worth $91,420 over the last three months. Corporate insiders own 27.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WMK. Meeder Asset Management Inc. acquired a new stake in Weis Markets during the 1st quarter valued at $39,000. Denali Advisors LLC purchased a new stake in shares of Weis Markets in the second quarter valued at about $84,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Weis Markets by 591.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,331 shares of the company’s stock valued at $95,000 after purchasing an additional 1,994 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Weis Markets by 59.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,541 shares of the company’s stock valued at $115,000 after purchasing an additional 944 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Weis Markets by 337.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,318 shares of the company’s stock valued at $159,000 after purchasing an additional 2,559 shares in the last quarter. Hedge funds and other institutional investors own 38.61% of the company’s stock.
Weis Markets Company Profile (NYSE:WMK)
Weis Markets, Inc engages in the retail sale of food in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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