WSP Global (OTCMKTS:WSPOF) Reaches New 52-Week Low – Here’s Why

WSP Global Inc. (OTCMKTS:WSPOF – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $121.44 and last traded at $121.44, with a volume of 56 shares. The stock had previously closed at $124.9746.

Wall Street Analysts Forecast Growth

WSPOF has been the topic of a number of research reports. 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 research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

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WSP Global Trading Up 0.7%

The firm’s 50-day simple moving average is $147.70 and its 200-day simple moving average is $165.88. The firm has a market capitalization of $16.86 billion and a PE ratio of 77.68. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.81.

WSP Global (OTCMKTS:WSPOF – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.48 by $0.13. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion. WSP Global had a return on equity of 12.01% and a net margin of 5.46%.

WSP Global Company Profile

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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.

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