NEW YORK (TheStreet) -- Shares of WisdomTree Investments(WETF) - Get Report are retreating by 8.33% to $10.85 on Friday afternoon, even though the firm posted 2016 first quarter earnings that met analysts' expectations.
Before the market open, the New York-based asset management company reported earnings of 9 cents per diluted share, which matched analysts' estimates.
Revenue of $60.9 million for the quarter was slightly higher than Wall Street's forecasts of $60.8 million.
"Against a backdrop of equity and currency market headwinds, our largest Japan and European based exposures experienced outflows in the first quarter, in line with market sentiment," CEO Jonathan Steinberg said in a statement.
"However, despite this difficult operating environment we achieved solid financial results underscoring the efficiency and durability of our business model," he added.
WisdomTree also declared a quarterly dividend of 8 cents per share.
The firm focuses on exchange-traded funds (ETFs).
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and compelling growth in net income.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WETF