WEG (OTCMKTS:WEGZY) Shares Gap Down – Time to Sell?

Weg S.A. (OTCMKTS:WEGZY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.28, but opened at $9.97. WEG shares last traded at $9.9440, with a volume of 9,652 shares trading hands.

Wall Street Analysts Forecast Growth

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

WEG Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $42.39 billion and a PE ratio of 36.07. The firm has a 50 day moving average price of $9.50 and a 200 day moving average price of $9.25.

WEG (OTCMKTS:WEGZY) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. WEG had a return on equity of 31.02% and a net margin of 15.58%. Research analysts anticipate that Weg S.A. will post 0.31 earnings per share for the current year.

WEG Company Profile

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

The company also produces industrial coatings, varnishes and related products, as well as equipment and solutions for power generation, transmission and distribution.