Shares of Westrock Coffee (NASDAQ:WEST - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $6.59, but opened at $6.08. Westrock Coffee shares last traded at $6.10, with a volume of 82,407 shares traded.
Analyst Ratings Changes
Several brokerages have recently weighed in on WEST. Telsey Advisory Group reissued an "outperform" rating and set a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday. Benchmark restated a "buy" rating and issued a $10.00 target price on shares of Westrock Coffee in a report on Friday.
Read Our Latest Report on Westrock Coffee
Westrock Coffee Stock Performance
The stock has a market cap of $648.01 million, a PE ratio of -8.00 and a beta of 0.59. The firm's 50-day moving average is $6.45 and its 200 day moving average is $6.84. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.
Hedge Funds Weigh In On Westrock Coffee
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in Westrock Coffee in the 4th quarter valued at $37,000. KLP Kapitalforvaltning AS purchased a new stake in Westrock Coffee in the 4th quarter valued at approximately $47,000. Atom Investors LP purchased a new position in Westrock Coffee in the third quarter worth $70,000. Intech Investment Management LLC purchased a new stake in Westrock Coffee during the third quarter worth about $71,000. Finally, Virtu Financial LLC acquired a new position in Westrock Coffee during the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 45.08% of the company's stock.
Westrock Coffee Company Profile
(
Get Free Report)
Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.
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