WBI (NYSE:WBI) Sees Strong Trading Volume – What’s Next?

WBI (NYSE:WBIGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,509,195 shares traded hands during trading, an increase of 254% from the previous session’s volume of 709,292 shares.The stock last traded at $24.6970 and had previously closed at $23.94.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WBI shares. Wells Fargo & Company boosted their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings initiated coverage on WBI in a research report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. Finally, UBS Group set a $33.00 price target on WBI in a research report on Monday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, WBI presently has a consensus rating of “Reduce” and a consensus price target of $29.50.

View Our Latest Research Report on WBI

WBI Price Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market cap of $3.05 billion and a PE ratio of -1,235.00. The firm has a fifty day moving average of $23.97.

WBI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. WBI’s dividend payout ratio (DPR) is presently -1,000.00%.

WBI Company Profile

(Get Free Report)

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.

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