Weg S.A. (OTCMKTS:WEGZY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $9.74, but opened at $10.16. WEG shares last traded at $9.89, with a volume of 1,775 shares.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Zacks Research raised shares of WEG to a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on WEG
WEG Trading Up 0.9%
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 firm has a market cap of $41.26 billion and a price-to-earnings ratio of 35.11. The firm’s 50-day moving average is $9.82 and its 200-day moving average is $9.35.
WEG (OTCMKTS:WEGZY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. WEG had a return on equity of 31.02% and a net margin of 15.58%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, sell-side analysts anticipate that Weg S.A. will post 0.32 EPS for the current fiscal year.
About WEG
WEG SA is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.
The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications.
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