Weg S.A. (OTCMKTS:WEGZY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 339,081 shares traded hands during mid-day trading, an increase of 92% from the previous session’s volume of 176,983 shares.The stock last traded at $10.01 and had previously closed at $10.3285.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on WEGZY shares. Zacks Research raised shares of WEG to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.
WEG Price Performance
WEG (OTCMKTS:WEGZY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, analysts expect that Weg S.A. will post 0.31 EPS for the current fiscal year.
WEG Company Profile
WEG SA is a Brazilian manufacturer of electrical and industrial equipment. The company develops and produces electric motors, generators, transformers, drives, automation systems, control equipment and related components used in industrial, commercial, infrastructure and energy applications.
Its business also includes power generation, transmission and distribution solutions, industrial automation, renewable-energy equipment, electric mobility products, and industrial paints and coatings.
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