Worley (OTCMKTS:WYGPY) Stock Price Down 6.1% – Here’s Why

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) traded down 6.1% during mid-day trading on Monday . The company traded as low as $8.80 and last traded at $8.80. 1,132 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 2,321 shares. The stock had previously closed at $9.37.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Worley Stock Down 7.4%

The business has a 50-day moving average of $8.79 and a 200-day moving average of $8.63.

Worley Company Profile

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.