Weyco Group (NASDAQ:WEYS) stock observed trading -47.87% off 52-week high price. On the other end, the stock has been noted 15.39% away from low price over the last 52-weeks. The stock disclosed a move of -10.09% away from 50 day moving average and -23.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.21% off 20-day moving average. It has market cap of $177.34M and dividend yield of 5.40%.
On May 05, 2020, Weyco Group (NASDAQ:WEYS) declared financial results for the quarter ended March 31, 2020.
The Company’s operations and business experienced significant disruptions beginning in the second half of March 2020 due to the unprecedented conditions surrounding the COVID-19 pandemic. Government-mandated shutdowns of non-essential businesses resulted in the majority of retailers temporarily closing their stores, which significantly affected the Company’s wholesale business. The Company’s domestic retail locations closed on March 18, 2020, and remain closed due to government orders. Overseas, the Company’s wholesale and retail businesses in Australia, Asia, South Africa, and Europe were similarly impacted by retail store closures and lockdowns requiring consumers to stay at home. These closings resulted in lower first quarter sales and earnings across all of the Company’s businesses, and the Company expects the shutdowns and global economic slowdown caused by the pandemic to continue to adversely impact its businesses during 2020.
Net sales for the first quarter of 2020 were $63.6 million, down 14% compared to first quarter 2019 net sales of $74.1 million. Earnings from operations were $1.3 million in the first quarter of 2020 compared to $5.1 million in the first quarter of 2019. Net earnings were $1.2 million in the first quarter of 2020 and $4.0 million in last year’s first quarter. Diluted earnings per share were $0.12 per share in the first quarter of 2020 and $0.40 per share in the first quarter of 2019.
The USA based company Weyco Group moved with change of -1.77% to $17.77 with the total traded volume of 10018 shares in recent session versus to an average volume of 19.63K. The stock was observed in the 5 days activity at -8.02%. The one month performance of stock was -2.58%. WEYS’s shares are at -25.40% for the quarter and driving a -46.76% return over the course of the past year and is now at -32.82% since this point in 2018. Right now the stock beta is 0.59. The average volatility for the week and month was at 5.32% and 5.40% respectively. There are 9.98M shares outstanding and 5.95M shares are floated in market.