Shares of Weg S.A. (OTCMKTS:WEGZY – Get Free Report) were down 1.6% on Tuesday . The stock traded as low as $8.36 and last traded at $8.4201. Approximately 44,108 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 52,415 shares. The stock had previously closed at $8.56.
WEG Stock Down 1.6%
The firm’s 50-day moving average is $9.33 and its two-hundred day moving average is $9.20.
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.
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