Camping World (NYSE:CWH) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of Camping World (NYSE:CWH) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.57 and traded as low as $6.25. Camping World shares last traded at $6.59, with a volume of 1,337,212 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on CWH. Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. KeyCorp decreased their price objective on Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Citigroup dropped their price objective on Camping World from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Robert W. Baird set a $7.00 target price on Camping World in a research note on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.02.

Camping World Stock Performance

The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. The firm has a market cap of $680.68 million, a price-to-earnings ratio of -4.25 and a beta of 2.06. The firm has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $7.36.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Camping World will post 0.09 EPS for the current year.

Institutional Trading of Camping World

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in Camping World during the 2nd quarter valued at approximately $28,000. Essential Partners LLC purchased a new position in shares of Camping World in the first quarter worth $69,000. Royal Bank of Canada lifted its stake in shares of Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after buying an additional 14,679 shares during the period. Entropy Technologies LP lifted its stake in shares of Camping World by 5.3% during the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock worth $279,000 after buying an additional 2,048 shares during the period. Finally, Inceptionr LLC grew its holdings in shares of Camping World by 110.2% during the first quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after buying an additional 26,123 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.