WEG (OTCMKTS:WEGZY) Sees Strong Trading Volume – Time to Buy?

Weg S.A. (OTCMKTS:WEGZY) shares saw unusually-high trading volume on Tuesday . 640,572 shares traded hands during trading, an increase of 223% from the previous session’s volume of 198,275 shares.The stock last traded at $9.8978 and had previously closed at $9.9501.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of WEG to a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

WEG Stock Up 1.6%

The stock’s 50 day moving average price is $9.43 and its two-hundred day moving average price is $9.23.

WEG (OTCMKTS:WEGZY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Research analysts predict that Weg S.A. will post 0.31 EPS for the current fiscal year.

WEG Company Profile

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

The company also produces industrial coatings, varnishes and related products, as well as equipment and solutions for power generation, transmission and distribution.