WEG (OTCMKTS:WEGZY) Stock Falls 4.5% – What’s Next?

Weg S.A. (OTCMKTS:WEGZY)’s stock price fell 4.5% on Wednesday. The stock traded as low as $9.20 and last traded at $9.20. Approximately 4,210 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 220,085 shares. The stock had previously closed at $9.63.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. Zacks Research raised shares of WEG to a “hold” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

WEG Price Performance

The firm has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $9.35. The company has a quick ratio of 1.02, a current ratio of 1.59 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $38.15 billion and a P/E ratio of 32.46.

WEG (OTCMKTS:WEGZY) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. WEG had a net margin of 15.58% and a return on equity of 31.02%. On average, analysts expect that Weg S.A. will post 0.32 EPS for the current year.

About WEG

WEG SA is a Brazilian industrial company that designs and manufactures electrical and electromechanical equipment. Its product portfolio includes electric motors, generators, transformers, drives, controls, automation systems, switchgear and other equipment used in industrial, commercial and infrastructure applications.

The company also provides solutions for electrical power generation, transmission and distribution, renewable energy, industrial automation and energy efficiency. WEG serves customers in industries such as oil and gas, mining, water and wastewater, manufacturing, transportation, utilities and construction.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from its domestic manufacturing base into an international business with operations, production facilities and sales networks serving customers across the Americas, Europe, Asia, Africa and Oceania.