Media stories about West Marine (NASDAQ:WMAR) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. West Marine earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.0933848699785 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
West Marine (WMAR) traded down 0.08% during mid-day trading on Tuesday, hitting $12.96. The stock had a trading volume of 249,462 shares. West Marine has a 52-week low of $7.77 and a 52-week high of $13.01. The stock has a market cap of $327.62 million, a P/E ratio of 41.01 and a beta of 1.31. The firm has a 50-day moving average of $12.92 and a 200-day moving average of $10.93.
A number of analysts have recently weighed in on the company. B. Riley cut West Marine to a “neutral” rating and set a $12.97 price objective for the company. in a research report on Sunday, July 16th. BidaskClub raised West Marine from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Forward View raised West Marine from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research cut West Marine from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. West Marine currently has an average rating of “Hold” and an average price target of $10.32.
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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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