Weis Markets (NYSE:WMK) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Weis Markets, Inc. (NYSE:WMK) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $66.09 and traded as low as $63.44. Weis Markets shares last traded at $63.82, with a volume of 103,741 shares trading hands.

Weis Markets Price Performance

The company has a market capitalization of $1.72 billion, a PE ratio of 17.02 and a beta of 0.46. The company’s fifty day moving average is $66.76 and its 200-day moving average is $66.09.

Weis Markets (NYSE:WMK) last announced its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter. The company had revenue of $1.18 billion during the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%.

Institutional Investors Weigh In On Weis Markets

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Weis Markets by 29.1% in the second quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock valued at $20,986,000 after acquiring an additional 75,395 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Weis Markets in the second quarter valued at approximately $813,000. GAMMA Investing LLC boosted its stake in Weis Markets by 228.7% in the second quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock valued at $36,000 after acquiring an additional 398 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Weis Markets by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,715 shares of the company’s stock worth $304,000 after buying an additional 588 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Weis Markets by 26.5% during the first quarter. Russell Investments Group Ltd. now owns 19,849 shares of the company’s stock worth $1,278,000 after buying an additional 4,161 shares during the period.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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.