Weyco Group (NASDAQ:WEYS) Stock Crosses Above 200-Day Moving Average of $24.68

Shares of Weyco Group, Inc. (NASDAQ:WEYS – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.68 and traded as high as $25.17. Weyco Group shares last traded at $24.86, with a volume of 6,130 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Friday, November 11th.

Weyco Group Stock Performance

The company has a market capitalization of $239.20 million, a P/E ratio of 8.07 and a beta of 0.88. The business’s fifty day simple moving average is $25.55 and its 200-day simple moving average is $24.68.

Institutional Trading of Weyco Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Weyco Group by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 49,808 shares of the textile maker’s stock worth $1,231,000 after buying an additional 591 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Weyco Group by 25.7% in the 1st quarter. Acadian Asset Management LLC now owns 17,747 shares of the textile maker’s stock worth $437,000 after buying an additional 3,623 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Weyco Group by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock worth $6,231,000 after buying an additional 11,049 shares in the last quarter. UBS Group AG grew its stake in shares of Weyco Group by 15.3% in the 1st quarter. UBS Group AG now owns 5,657 shares of the textile maker’s stock worth $140,000 after buying an additional 749 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Weyco Group in the 2nd quarter worth $55,000. 22.63% of the stock is currently owned by institutional investors.

Weyco Group Company Profile

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Weyco Group, Inc engages in the design, production and trade of footwear for men, women and children. It operates through the following segments: North American Wholesale Operations and North American Retail Operations. The North American Wholesale Operations segment includes selling products to department stores and specialty shops in the United States and Canada.