Worley (OTCMKTS:WYGPY) Shares Gap Down – What’s Next?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $7.53, but opened at $6.72. Worley shares last traded at $6.72, with a volume of 115 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Worley from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Worley Stock Down 10.8%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.91.

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.