Worley (OTCMKTS:WYGPY) Trading Down 6.1% – What’s Next?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY)’s share price fell 6.1% during mid-day trading on Monday . The company traded as low as $8.80 and last traded at $8.80. 1,132 shares were traded during mid-day trading, a decline of 51% from the average session volume of 2,321 shares. The stock had previously closed at $9.37.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Worley Price Performance

The company’s 50-day moving average is $8.72 and its two-hundred day moving average is $8.62.

About Worley

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.