Weibo Co. (NASDAQ:WB – Get Free Report) declared an annual dividend on Friday, March 14th, Wall Street Journal reports. Shareholders of record on Wednesday, April 9th will be given a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th.
Weibo Price Performance
Shares of Weibo stock traded up $0.14 during trading on Friday, reaching $10.56. The company’s stock had a trading volume of 1,957,982 shares, compared to its average volume of 1,796,361. The stock has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $9.45. The stock has a market capitalization of $2.56 billion, a P/E ratio of 7.23 and a beta of 0.27. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo has a one year low of $7.03 and a one year high of $12.40.
Analyst Ratings Changes
A number of brokerages have recently issued reports on WB. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Weibo currently has a consensus rating of “Hold” and an average price target of $10.28.
Weibo Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.
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