Shares of Weg S.A. (OTCMKTS:WEGZY – Get Free Report) saw an uptick in trading volume on Tuesday . 640,572 shares were traded during mid-day trading, an increase of 223% from the previous session’s volume of 198,275 shares.The stock last traded at $9.8978 and had previously closed at $9.9501.
Wall Street Analyst Weigh In
WEGZY has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of WEG to a “hold” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, WEG currently has an average rating of “Hold”.
Check Out Our Latest Research Report on WEG
WEG Trading Up 0.4%
WEG (OTCMKTS:WEGZY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, analysts forecast 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 develops and manufactures electrical equipment and automation solutions. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, switchgear and other systems used in industrial, commercial, infrastructure and energy applications.
The company also produces industrial coatings, varnishes and related products, as well as equipment and solutions for power generation, transmission and distribution.
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