Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $9.04, but opened at $9.64. WEG shares last traded at $9.24, with a volume of 8,702 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on WEGZY shares. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday. Zacks Research raised WEG to a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, WEG has an average rating of “Hold”.
Read Our Latest Report on WEGZY
WEG Price Performance
WEG Company Profile
WEG SA, trading in the U.S. over-the-counter as WEGZY, is a Brazilian multinational corporation specializing in the manufacture and distribution of electric motors, automation technologies and power generation equipment. The company’s portfolio spans low-, medium- and high-voltage electric machines, variable frequency drives and control systems designed for a wide array of industrial applications. WEG also offers transformer solutions and integrated automation products that support sectors including oil and gas, mining, pulp and paper, and infrastructure.
Founded in 1961 in Jaraguá do Sul, Brazil, WEG has grown from a small electric motor shop into one of the world’s largest industrial equipment manufacturers.
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