WSP Global (OTCMKTS:WSPOF) Sets New 12-Month Low – Here’s Why

WSP Global Inc. (OTCMKTS:WSPOF)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $150.2640 and last traded at $151.0060, with a volume of 193 shares trading hands. The stock had previously closed at $155.5120.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

WSP Global Stock Down 1.2%

The firm has a fifty day simple moving average of $161.78 and a two-hundred day simple moving average of $174.90.

WSP Global (OTCMKTS:WSPOF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.48 by $0.13. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.65 billion.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.