Weyco Group (NASDAQ:WEYS) Issues Quarterly Earnings Results

Weyco Group (NASDAQ:WEYS) posted its quarterly earnings data on Tuesday. The textile maker reported $1.04 earnings per share for the quarter, Zacks reports. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Stock Performance

WEYS traded down $1.09 during midday trading on Tuesday, hitting $32.75. The company had a trading volume of 12,037 shares, compared to its average volume of 12,173. Weyco Group has a twelve month low of $27.05 and a twelve month high of $41.05. The firm’s 50-day simple moving average is $35.94 and its 200-day simple moving average is $35.08. The company has a market capitalization of $313.06 million, a PE ratio of 10.84 and a beta of 0.69.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.