WEG (OTCMKTS:WEGZY) Shares Gap Up – Should You Buy?

Weg S.A. (OTCMKTS:WEGZY) shares gapped up prior to trading on Monday. The stock had previously closed at $9.44, but opened at $10.40. WEG shares last traded at $10.26, with a volume of 395 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on WEGZY. Zacks Research upgraded shares of WEG to a “hold” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group upgraded shares of WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

WEG Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $9.31. The stock has a market capitalization of $42.71 billion and a P/E ratio of 36.34.

WEG (OTCMKTS:WEGZY) last posted 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 analyst estimates of $1.94 billion. WEG had a return on equity of 31.02% and a net margin of 15.58%. On average, analysts expect that Weg S.A. will post 0.3 earnings per share for the current year.

About WEG

WEG SA is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.

The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications.