Weyco Group (NASDAQ:WEYS) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Weyco Group, Inc. (NASDAQ:WEYS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.69 and traded as high as $32.54. Weyco Group shares last traded at $31.27, with a volume of 7,677 shares.

Analyst Ratings Changes

WEYS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Weyco Group currently has an average rating of “Buy”.

Weyco Group Trading Down 3.8%

The stock has a market cap of $298.63 million, a PE ratio of 12.31 and a beta of 0.99. The business’s 50-day moving average price is $31.31 and its 200-day moving average price is $30.69.

Institutional Trading of Weyco Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Associated Banc Corp purchased a new position in Weyco Group during the 3rd quarter worth $1,345,000. IFG Advisory LLC acquired a new stake in Weyco Group in the second quarter worth about $219,000. Tower Research Capital LLC TRC grew its stake in shares of Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after acquiring an additional 1,133 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Weyco Group during the fourth quarter worth about $55,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.