WEG (OTCMKTS:WEGZY) Trading Up 1.6% – Still a Buy?

Weg S.A. (OTCMKTS:WEGZY)’s stock price rose 1.6% during mid-day trading on Monday . The stock traded as high as $8.45 and last traded at $8.32. Approximately 23,956 shares changed hands during trading, a decline of 67% from the average daily volume of 73,202 shares. The stock had previously closed at $8.19.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on WEG in a research note on Wednesday, November 26th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

WEG Stock Down 1.5%

The firm’s fifty day moving average is $7.63 and its two-hundred day moving average is $7.35.

WEG Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, October 6th will be given a dividend of $0.0136 per share. The ex-dividend date is Friday, October 3rd. This represents a dividend yield of 163.0%. WEG’s dividend payout ratio (DPR) is currently 24.44%.

WEG Company Profile

WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.