Yesway (NASDAQ:YSWY) Reaches New 12-Month Low – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWY)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.92 and last traded at $18.96, with a volume of 190148 shares trading hands. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on YSWY shares. Zacks Research raised shares of Yesway to a “hold” rating in a research note on Tuesday, May 19th. BMO Capital Markets started coverage on shares of Yesway in a research report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price objective on the stock. Guggenheim restated a “buy” rating on shares of Yesway in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Yesway to a “hold” rating in a research note on Saturday, April 25th. Finally, Morgan Stanley began coverage on Yesway in a research note on Monday, May 18th. They issued an “equal weight” rating and a $28.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.12.

Yesway Stock Performance

The stock’s 50 day moving average is $22.39.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.