Shares of Welbilt Inc. (NYSE:WBT) traded at a new 52-week high today of $22.98. This new high was reached on approximately average trading volume as 5.7 million shares traded hands, while the average 30-day volume is approximately 4.7 million shares.
Welbilt Inc. share prices have moved between a 52-week high of $22.98 and a 52-week low of $3.90 and are now trading 466% above that low price at $22.07 per share.
Welbilt Inc is engaged in the designing, manufacturing and supplying of equipment for the commercial foodservice market which is used by commercial and institutional foodservice operators including full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions. The group offers various products such as grills, induction cookers braising pans, steamers, and others under the brands name such as Cleveland, Convotherm, Delfield, Frymaster, and others. The firm’s geographical segments include Americas, EMEA, and APAC. It generates a majority of its revenue from the Americas.
Welbilt Inc. (NYSE:WBT) defies analysts with a current price ($22.07) 29.2% above its average consensus price target of $15.63.
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