Wayside Technology Group, Inc. (NASDAQ:WSTG) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 5,300 shares, a decline of 18.5% from the May 30th total of 6,500 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.
Separately, TheStreet downgraded shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd.
WSTG stock traded up $0.14 during trading on Thursday, hitting $11.49. The stock had a trading volume of 292 shares, compared to its average volume of 4,662. The company has a 50 day moving average price of $11.47. Wayside Technology Group has a 1-year low of $9.60 and a 1-year high of $14.25. The company has a market capitalization of $51.79 million, a PE ratio of 9.34 and a beta of 0.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.55.
Wayside Technology Group (NASDAQ:WSTG) last announced its earnings results on Wednesday, May 8th. The company reported $0.32 earnings per share for the quarter. Wayside Technology Group had a net margin of 1.83% and a return on equity of 13.47%. The firm had revenue of $44.86 million during the quarter.
In other news, Director Jeffrey Richart Geygan Geygan purchased 8,070 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average price of $12.07 per share, with a total value of $97,404.90. Following the purchase, the director now directly owns 9,425 shares of the company’s stock, valued at approximately $113,759.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.10% of the company’s stock.
An institutional investor recently bought a new position in Wayside Technology Group stock. Seizert Capital Partners LLC acquired a new stake in shares of Wayside Technology Group, Inc. (NASDAQ:WSTG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,837 shares of the company’s stock, valued at approximately $232,000. Seizert Capital Partners LLC owned about 0.46% of Wayside Technology Group at the end of the most recent reporting period. 41.36% of the stock is currently owned by institutional investors.
Wayside Technology Group Company Profile
Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.
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