WW International (NASDAQ:WW) Stock Passes Above 200-Day Moving Average – Here’s Why

WW International, Inc. (NASDAQ:WW) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.95 and traded as high as $26.04. WW International shares last traded at $26.03, with a volume of 126,502 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. CJS Securities assumed coverage on shares of WW International in a research note on Monday, September 15th. They issued a “market perform” rating on the stock. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WW International in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

WW International Trading Down 2.1%

The stock has a market capitalization of $254.57 million, a PE ratio of -4.40 and a beta of 1.30. The business’s 50 day moving average is $28.08 and its 200 day moving average is $25.12.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.30). The business had revenue of $172.09 million during the quarter, compared to the consensus estimate of $161.38 million. As a group, analysts anticipate that WW International, Inc. will post -0.06 EPS for the current year.

Institutional Trading of WW International

A number of hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in WW International during the 3rd quarter worth approximately $101,000. Claret Asset Management Corp purchased a new position in WW International during the third quarter worth approximately $280,000. Tudor Investment Corp ET AL acquired a new position in WW International during the third quarter worth $528,000. Ameriprise Financial Inc. purchased a new stake in WW International in the 3rd quarter valued at $623,000. Finally, Mount Lucas Management LP acquired a new stake in shares of WW International in the 3rd quarter worth $1,094,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

About WW International

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.