|Bid||130.00 x 1100|
|Ask||161.24 x 1100|
|Day's Range||159.60 - 161.99|
|52 Week Range||70.50 - 186.20|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||39.98|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 02, 2004|
|1y Target Est||214.88|
The Relative Strength (RS) Rating for Middleby climbed into a new percentile Wednesday, with a rise from 80 to 83. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
Welbilt (WBT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non-binding indication of interest from Ali Holding SRL ("Ali Group"). The proposed merger between Middleby and Welbilt, announced on April 21, 2021, will create a strong Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. Middleby highlights that it has a definitive agreement to acquire Welbilt, and the regulatory approval process is already underway. Furthermore, Middleby and Welbilt today filed their preliminary joint proxy statement/prospectus on Form S-4 with the SEC in connection with obtaining required shareholder approvals.