WEG (OTCMKTS:WEGZY) Sees Unusually-High Trading Volume – Still a Buy?

Weg S.A. (OTCMKTS:WEGZY) shares saw unusually-strong trading volume on Friday. 361,988 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 211,967 shares. The stock last traded at $9.05 and had previously closed at $9.16.

Wall Street Analyst Weigh In

Several research firms have weighed in on WEGZY. The Goldman Sachs Group upgraded shares of WEG from a “neutral” rating to a “buy” rating in a research report on Monday, October 26th. Zacks Research upgraded WEG to a “hold” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

WEG Stock Down 0.6%

The company has a market cap of $38.20 billion and a price-to-earnings ratio of 31.39. 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 fifty day moving average price of $9.60 and a two-hundred day moving average price of $9.38.

WEG (OTCMKTS:WEGZY) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. WEG had a net margin of 15.39% and a return on equity of 32.99%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.07 billion. On average, equities analysts predict that Weg S.A. will post 0.28 earnings per share for the current year.

About WEG

WEG S.A. is a Brazilian manufacturer of electrical equipment and industrial technologies headquartered in Jaraguá do Sul, Santa Catarina. Founded in 1961 by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus, the company’s name comes from the founders’ initials. WEG’s products include electric motors, generators, transformers, drives, controls and automation systems. It also provides equipment and solutions for power generation, transmission and distribution, as well as industrial digitalization and electrical mobility.