WEG (OTCMKTS:WEGZY) Trading Up 0.4% – Time to Buy?

Weg S.A. (OTCMKTS:WEGZY) shares rose 0.4% during trading on Friday . The stock traded as high as $9.70 and last traded at $9.64. Approximately 48,749 shares changed hands during trading, a decline of 9% from the average daily volume of 53,365 shares. The stock had previously closed at $9.6030.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on WEG in a research report on Wednesday, November 26th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

WEG Price Performance

The firm has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $8.22.

WEG Company Profile

WEG SA, trading in the U.S. over-the-counter as WEGZY, is a Brazilian multinational corporation specializing in the manufacture and distribution of electric motors, automation technologies and power generation equipment. The company’s portfolio spans low-, medium- and high-voltage electric machines, variable frequency drives and control systems designed for a wide array of industrial applications. WEG also offers transformer solutions and integrated automation products that support sectors including oil and gas, mining, pulp and paper, and infrastructure.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has grown from a small electric motor shop into one of the world’s largest industrial equipment manufacturers.