WEG (OTCMKTS:WEGZY) Stock Falls 4.5% – Time to Sell?

Weg S.A. (OTCMKTS:WEGZY)’s stock price was down 4.5% during mid-day trading on Wednesday. The company traded as low as $9.20 and last traded at $9.20. Approximately 4,210 shares traded hands during trading, a decline of 98% from the average session volume of 220,085 shares. The stock had previously closed at $9.63.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WEGZY shares. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. Zacks Research raised shares of WEG to a “hold” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, WEG currently has a consensus rating of “Hold”.

WEG Stock Performance

The firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.34. The firm has a market capitalization of $36.58 billion and a PE ratio of 31.02. The company has a quick ratio of 1.02, a current ratio of 1.59 and a debt-to-equity ratio of 0.12.

WEG (OTCMKTS:WEGZY) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.07 billion. WEG had a return on equity of 32.99% and a net margin of 15.39%. Research analysts expect that Weg S.A. will post 0.32 earnings per share for the current year.

WEG Company Profile

WEG SA is a Brazilian industrial company that designs and manufactures electrical and electromechanical equipment. Its product portfolio includes electric motors, generators, transformers, drives, controls, automation systems, switchgear and other equipment used in industrial, commercial and infrastructure applications.

The company also provides solutions for electrical power generation, transmission and distribution, renewable energy, industrial automation and energy efficiency. WEG serves customers in industries such as oil and gas, mining, water and wastewater, manufacturing, transportation, utilities and construction.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from its domestic manufacturing base into an international business with operations, production facilities and sales networks serving customers across the Americas, Europe, Asia, Africa and Oceania.