Weyco Group, Inc. stock trades under the ticker WEYS & has shown recent bullish behavior that traders & investors should take a closer look at.
WEYS stock closed at $25.82/share on 7/21/2022.
Weyco Group, Inc. WEYS Stock’s Technical Performance Broken Down
WEYS Stock Price: $25.82
10 Day Moving Average: $25.49
50 Day Moving Average: $27.71
200 Day Moving Average: $24.49
RSI: 46.44
MACD: -0.588
Yesterday, WEYS stock completed a bullish MACD crossover, while remaining over its 10 day moving average.
Their recent trading volumes have been about average compared to the year prior, and their RSI is still neutral, signaling that there may be some more strength left in the near-term.
They will need to break above the $26.02 & $26.52/share resistance levels as they continue to climb higher.
Weyco Group, Inc. WEYS Stock As A Long-Term Investment
Long-term oriented investors will like WEYS stock’s valuation metrics, with a 10.41 P/E (ttm) & a 1.19 P/B (mrq).
They recently reported 73.5% Quarterly Revenue Growth Y-o-Y, with 205.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet appears healthy, with $24.98M of Total Cash (mrq) & $10.34M of Total Debt (mrq).
WEYS stock pays a 3.74% dividend yield, which appears stable in the long-run, with a 40% payout ratio.
19.8% of WEYS stock’s outstanding share float is owned by institutional investors.
Weyco Group, Inc. WEYS Stock As A Short-Term Trade Using Options
Unfortunately, WEYS stock does not have options for traders to trade.
However, traders can use ETFs such as DES, the Wisdom Tree Small Cap Dividend Fund’s options as a means of getting some down-side protection for WEYS stock.
Tying It All Together
Overall, WEYS stock has many interesting characteristics that investors are sure to like.
Their valuation metrics & balance sheet both look healthy.
Their dividend yield is also nice & appears to be stable in the long-run based on their payout ratio.
While they do not have options to trade, ETFs can be leveraged to get downside protection for long-shares of WEYS stock.
It is worth researching WEYS stock more to see how it fits your portfolio strategy.
*** I DO NOT OWN SHARES OF WEYS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***