WEG (OTCMKTS:WEGZY) Sees Strong Trading Volume – What’s Next?

Weg S.A. (OTCMKTS:WEGZY) shares saw unusually-high trading volume on Friday. Approximately 659,493 shares changed hands during mid-day trading, an increase of 194% from the previous session’s volume of 224,473 shares. The stock last traded at $9.54 and had previously closed at $9.44.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded 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 report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, WEG has a consensus rating of “Hold”.

WEG Trading Up 1.5%

The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $9.68 and a 200-day moving average of $9.29. The firm has a market capitalization of $40.23 billion and a P/E ratio of 34.23.

WEG (OTCMKTS:WEGZY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. WEG had a net margin of 15.58% and a return on equity of 31.02%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Analysts anticipate that Weg S.A. will post 0.3 EPS for the current fiscal year.

About WEG

WEG SA is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.

The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications.