WEG (OTCMKTS:WEGZY – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
WEG Price Performance
Shares of WEGZY stock opened at $9.12 on Tuesday. The firm’s 50-day moving average is $8.71 and its two-hundred day moving average is $9.23. WEG has a 12 month low of $6.35 and a 12 month high of $10.80. The company has a market capitalization of $38.29 billion and a PE ratio of 7.70.
About WEG
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.
Recommended Stories
- Five stocks we like better than WEG
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
