Washington Prime Group Inc (NYSE:WPG)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.70 and last traded at $2.82, with a volume of 188140 shares traded. The stock had previously closed at $2.96.
A number of analysts have recently issued reports on WPG shares. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.
The stock has a market cap of $498.22 million, a PE ratio of 17.80 and a beta of 0.92. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 4.12. The stock has a 50-day moving average of $3.37 and a 200 day moving average of $3.74.
About Washington Prime Group (NYSE:WPG)
Washington Prime Group Inc is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.
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