Watch List Stock News: Wabash National Corporation (NYSE:WNC)

Wabash National Corporation (NYSE:WNC) is now trading -53.65% off 52-week high price. On the other end, the stock has been noted 5.16% away from the low price over the last 52-weeks. The stock changed -5.49% to recent value of $7.74. The stock transacted 1650626 shares during most recent day however it has an average volume of 794.83K shares. The company has 62.34M of outstanding shares and 51.46M shares were floated in the market.

On March 20, 2020, Wabash National Corporation (NYSE:WNC) revealed that as a result of the ongoing COVID-19 outbreak, the Company does not expect to meet its first quarter or full year 2020 guidance provided on February 12, 2020. Given the rapidly evolving situation, the Company is currently unable to quantify the full impact of COVID-19 on its outlook and expects to provide additional information during its first quarter earnings call.

The guidance we provided in our Q4 call reflected an environment where Wabash anticipated minimal impact on our operations from COVID-19, which was the best information we had at the time.  Customer pickups have been behind our initial expectations and we anticipate growing supply chain disruption in the coming weeks, said Brent Yeagy, president and chief executive officer. Our highest priority remains the safety, health and well-being of our employees, their families and our communities. We have taken proactive measures to protect our people and will continue to take necessary actions. We are very thankful to our employees for their continued dedication as we collectively work together during this uncertain time.

Its earnings per share (EPS) expected to touch remained 37.20% for this year while earning per share for the next 5-years is expected to reach at 15.00%. WNC has a gross margin of 13.20% and an operating margin of 6.20% while its profit margin remained 3.90% for the last 12 months.

According to the most recent quarter its current ratio was 2.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -23.29% from the mean of 20 days, -33.14% from mean of 50 days SMA and performed -44.86% from mean of 200 days price. Company’s performance for the week was -10.93%, -37.93% for month and YTD performance remained -47.31%.

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