WSP Global (OTCMKTS:WSPOF) Stock Price Down 8.2% – Should You Sell?

WSP Global Inc. (OTCMKTS:WSPOF)’s share price fell 8.2% on Wednesday . The company traded as low as $139.95 and last traded at $139.95. 649 shares changed hands during trading, a decline of 94% from the average session volume of 10,668 shares. The stock had previously closed at $152.3830.

Wall Street Analyst Weigh In

WSPOF has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a research report on Friday, May 8th. Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, WSP Global has an average rating of “Buy”.

WSP Global Stock Performance

The stock has a 50-day simple moving average of $161.12 and a 200-day simple moving average of $174.50.

WSP Global (OTCMKTS:WSPOF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.13. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion.

WSP Global Company Profile

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.