Weis Markets (NYSE:WMK) Shares Cross Below 200-Day Moving Average - Time to Sell?

Weis Markets, Inc. (NYSE:WMK - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.09 and traded as low as $68.00. Weis Markets shares last traded at $68.05, with a volume of 57,162 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Weis Markets from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 7th.

Weis Markets Trading Down 0.7 %

The company's 50 day moving average price is $70.21 and its 200 day moving average price is $68.13. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 19.12 and a beta of 0.52.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets's dividend payout ratio is presently 38.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company's stock worth $1,893,000 after buying an additional 21,418 shares during the period. American Century Companies Inc. grew its holdings in shares of Weis Markets by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company's stock worth $20,986,000 after acquiring an additional 75,395 shares during the period. Geode Capital Management LLC increased its stake in Weis Markets by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company's stock valued at $29,987,000 after purchasing an additional 16,463 shares in the last quarter. AQR Capital Management LLC purchased a new position in Weis Markets in the 2nd quarter valued at approximately $813,000. Finally, International Assets Investment Management LLC raised its holdings in Weis Markets by 6,800.0% during the third quarter. International Assets Investment Management LLC now owns 414 shares of the company's stock worth $29,000 after purchasing an additional 408 shares during the last quarter.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.