Worley (OTCMKTS:WYGPY) Sees Strong Trading Volume – What’s Next?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) saw an uptick in trading volume on Tuesday . 3,768 shares changed hands during mid-day trading, an increase of 225% from the previous session’s volume of 1,160 shares.The stock last traded at $8.55 and had previously closed at $8.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Worley presently has a consensus rating of “Moderate Buy”.

Worley Trading Up 5.6%

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $9.02 and its 200 day simple moving average is $9.01.

About Worley

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.