WSP Global (OTCMKTS:WSPOF) Hits New 1-Year Low – Here’s Why

Shares of WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low on Thursday . The stock traded as low as $134.0920 and last traded at $134.0920, with a volume of 650 shares changing hands. The stock had previously closed at $137.1835.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of WSP Global in a report on Friday, May 8th. Scotiabank restated 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 MarketBeat.com, the company currently has an average rating of “Buy”.

WSP Global Price Performance

The firm has a fifty day simple moving average of $155.69 and a two-hundred day simple moving average of $170.76.

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