Weg S.A. (OTCMKTS:WEGZY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $9.74, but opened at $10.16. WEG shares last traded at $9.89, with a volume of 1,775 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on WEGZY. Zacks Research raised WEG to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, WEG has an average rating of “Hold”.
View Our Latest Stock Analysis on WEG
WEG Stock Performance
The firm has a market capitalization of $39.75 billion and a PE ratio of 33.82. 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’s 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $9.35.
WEG (OTCMKTS:WEGZY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. WEG had a return on equity of 31.02% and a net margin of 15.58%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Research analysts expect that Weg S.A. will post 0.32 earnings per share for the current fiscal year.
WEG Company Profile
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.
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