Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as low as $1.03. Sportsman’s Warehouse shares last traded at $1.11, with a volume of 849,339 shares.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of analyst reports. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2.00 to $4.00 in a research note on Wednesday, December 11th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Price Performance

The firm’s fifty day simple moving average is $1.82 and its 200 day simple moving average is $2.28. The firm has a market cap of $42.13 million, a P/E ratio of -1.26 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. OneDigital Investment Advisors LLC boosted its holdings in shares of Sportsman’s Warehouse by 3.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after purchasing an additional 4,909 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Sportsman’s Warehouse by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after purchasing an additional 6,030 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter valued at about $168,000. FMR LLC boosted its holdings in shares of Sportsman’s Warehouse by 3.3% during the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter valued at about $2,565,000. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.