WSP Global (OTCMKTS:WSPOF) Stock Price Down 8.1% – Here’s What Happened

Shares of WSP Global Inc. (OTCMKTS:WSPOF) traded down 8.1% during trading on Thursday . The stock traded as low as $114.38 and last traded at $114.38. 1,531 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 20,006 shares. The stock had previously closed at $124.5151.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of WSP Global in a report on Monday, April 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

WSP Global Price Performance

The firm has a market capitalization of $15.25 billion and a PE ratio of 70.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50 day simple moving average is $129.18 and its two-hundred day simple moving average is $156.42.

WSP Global (OTCMKTS:WSPOF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.13. WSP Global had a net margin of 5.46% and a return on equity of 12.01%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.65 billion.

About WSP Global

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.