Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $7.10 and last traded at $7.81, with a volume of 17,699 shares traded. The stock had previously closed at $8.5405.
Analyst Ratings Changes
A number of research firms have weighed in on WEGZY. Zacks Research upgraded WEG to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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 $34.08 billion and a P/E ratio of 28.00. The company has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $9.33.
WEG (OTCMKTS:WEGZY – Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.07 billion. WEG had a return on equity of 32.99% and a net margin of 15.39%. Sell-side analysts expect that Weg S.A. will post 0.31 EPS for the current fiscal year.
WEG Company Profile
WEG SA is a Brazilian industrial company that designs and manufactures electrical and electromechanical equipment. Its product portfolio includes electric motors, generators, transformers, drives, controls, automation systems, switchgear and other equipment used in industrial, commercial and infrastructure applications.
The company also provides solutions for electrical power generation, transmission and distribution, renewable energy, industrial automation and energy efficiency. WEG serves customers in industries such as oil and gas, mining, water and wastewater, manufacturing, transportation, utilities and construction.
Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from its domestic manufacturing base into an international business with operations, production facilities and sales networks serving customers across the Americas, Europe, Asia, Africa and Oceania.
Featured Articles
- Five stocks we like better than WEG
- Not All Tech Is Getting Crushed: 5 Names Holding Up Through the AI Sell-Off
- Actively Managed ETFs Are Giving In to the Price War—To the Benefit of Investors
- Valero’s Windfall Quarter Meets Washington’s Push for Cheaper Diesel
- 4 Small-Cap Stocks With Paths to Recovery After the Fed’s September Rate Hike
Receive News & Ratings for WEG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEG and related companies with MarketBeat.com's FREE daily email newsletter.
