WBI (NYSE:WBI) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of WBI (NYSE:WBI – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $30.46 and traded as high as $31.26. WBI shares last traded at $30.71, with a volume of 530,087 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on WBI. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $40.00 price target on shares of WBI in a report on Tuesday, August 18th. The Goldman Sachs Group upped their target price on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Piper Sandler initiated coverage on shares of WBI in a research note on Monday, September 28th. They issued an “overweight” rating and a $37.00 price target on the stock. Barclays raised their price objective on WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley boosted their target price on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, WBI has an average rating of “Buy” and an average price target of $36.75.

Get Our Latest Analysis on WBI

WBI Stock Up 1.2%

The business has a 50 day simple moving average of $30.46 and a 200 day simple moving average of $29.02. The company has a market capitalization of $3.79 billion and a price-to-earnings ratio of 383.88. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54.

WBI (NYSE:WBI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $217.77 million during the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. As a group, equities analysts predict that WBI will post 0.39 earnings per share for the current fiscal year.

WBI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 27th. WBI’s dividend payout ratio (DPR) is 250.00%.

WBI Company Profile

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