Favorable News Coverage Somewhat Unlikely to Impact West Marine (WMAR) Share Price
Media coverage about West Marine (NASDAQ:WMAR) has been trending positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. West Marine earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 46.0271334543124 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of West Marine (WMAR) traded up 0.039% during midday trading on Wednesday, hitting $12.965. 260,082 shares of the stock were exchanged. The stock’s 50-day moving average price is $12.93 and its 200 day moving average price is $10.98. The stock has a market cap of $327.74 million, a P/E ratio of 41.028 and a beta of 1.31. West Marine has a one year low of $7.77 and a one year high of $13.01.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of West Marine from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. B. Riley downgraded shares of West Marine to a “neutral” rating and set a $12.97 price target for the company. in a report on Sunday, July 16th. Finally, Forward View upgraded shares of West Marine from a “sell” rating to a “hold” rating in a report on Friday, June 30th.
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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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