WSP Global (OTCMKTS:WSPOF) Sets New 1-Year Low – Should You Sell?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low during trading on Thursday . The company traded as low as $134.0920 and last traded at $134.0920, with a volume of 650 shares traded. The stock had previously closed at $137.1835.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WSPOF. Canadian Imperial Bank of Commerce reissued 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 note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, WSP Global currently has a consensus rating of “Buy”.

WSP Global Trading Up 0.2%

The stock has a 50-day simple moving average of $156.63 and a two-hundred day simple moving average of $171.28.

WSP Global (OTCMKTS:WSPOF) last announced its earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.13. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates 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.