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

Weg S.A. (OTCMKTS:WEGZY)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $7.78, but opened at $8.75. WEG shares last traded at $8.5972, with a volume of 30,976 shares.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group upgraded WEG from a “neutral” rating to a “buy” rating in a research note on Monday. Zacks Research raised WEG to a “hold” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, WEG currently has a consensus rating of “Moderate Buy”.

WEG Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.59 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $9.38. The company has a market capitalization of $35.76 billion and a P/E ratio of 29.38.

WEG (OTCMKTS:WEGZY) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.07 billion. WEG had a return on equity of 32.99% and a net margin of 15.39%. On average, equities analysts forecast that Weg S.A. will post 0.31 earnings per share for the current fiscal year.

About WEG

WEG SA is a Brazilian industrial company that designs and manufactures electrical and electromechanical equipment. Its product portfolio includes electric motors, generators, transformers, drives, controls, automation systems, switchgear and other equipment used in industrial, commercial and infrastructure applications.

The company also provides solutions for electrical power generation, transmission and distribution, renewable energy, industrial automation and energy efficiency. WEG serves customers in industries such as oil and gas, mining, water and wastewater, manufacturing, transportation, utilities and construction.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from its domestic manufacturing base into an international business with operations, production facilities and sales networks serving customers across the Americas, Europe, Asia, Africa and Oceania.