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WMS stock touches 52-week low at $113.96 amid market shifts

Published 12/23/2024, 10:54 AM
WMS
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In a challenging economic climate, WMS Industries Inc . stock has reached a 52-week low, dipping to $113.96. This latest price point reflects a significant downturn from the previous year, with the company experiencing a 1-year change of -19.36%. According to InvestingPro analysis, the stock's RSI indicates oversold territory, while the company maintains strong fundamentals with a current ratio of 3.19. Investors are closely monitoring WMS as it navigates through market pressures that have led to this notable decline in stock value. The company's performance is under scrutiny as stakeholders consider the implications of this low in the context of broader market trends and future prospects. Despite recent price weakness, WMS maintains a solid financial position with an Altman Z-Score of 5.74 and has consistently paid dividends for 11 consecutive years. InvestingPro subscribers can access 14 additional investment tips and a comprehensive Pro Research Report for deeper analysis of WMS's market position.

In other recent news, Advanced Drainage Systems (NYSE:WMS) (ADS) reported mixed Q2 earnings for fiscal year 2025. The company saw a 6% increase in residential sales and a 7% rise in infrastructure sales. However, due to disruptions caused by severe weather and a slowdown in non-residential construction, revenue expectations were reduced by about $80 million.

ADS also completed the acquisition of Orenco Systems, which is expected to contribute $40 million to $50 million in revenue for the fiscal year. In response to these developments, KeyBanc Capital Markets, Oppenheimer, and Loop Capital made adjustments to their price targets for ADS while maintaining positive ratings.

The company updated its fiscal 2025 guidance, expecting revenue between $2.900 billion and $2.975 billion and adjusted EBITDA between $880 million and $920 million. These are among the recent developments for Advanced Drainage Systems.

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