WEG (OTCMKTS:WEGZY) Sees Large Volume Increase – Here’s Why

Weg S.A. (OTCMKTS:WEGZY) shares saw an uptick in trading volume on Friday. 361,988 shares changed hands during trading, an increase of 71% from the average daily volume of 211,967 shares. The stock last traded at $9.05 and had previously closed at $9.16.

Analyst Ratings Changes

A number of brokerages have commented on WEGZY. Zacks Research upgraded WEG to a “hold” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group raised WEG from a “neutral” rating to a “buy” rating in a research note on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, WEG has an average rating of “Moderate Buy”.

WEG Price Performance

The company has a market capitalization of $38.20 billion and a P/E ratio of 31.39. The company’s 50-day simple moving average is $9.60 and its 200 day simple moving average is $9.38. The company has a quick ratio of 1.02, a current ratio of 1.59 and a debt-to-equity ratio of 0.12.

WEG (OTCMKTS:WEGZY) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.07 billion. WEG had a net margin of 15.39% and a return on equity of 32.99%. As a group, sell-side analysts expect that Weg S.A. will post 0.28 earnings per share for the current fiscal year.

About WEG

WEG S.A. is a Brazilian manufacturer of electrical equipment and industrial technologies headquartered in Jaraguá do Sul, Santa Catarina. Founded in 1961 by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus, the company’s name comes from the founders’ initials. WEG’s products include electric motors, generators, transformers, drives, controls and automation systems. It also provides equipment and solutions for power generation, transmission and distribution, as well as industrial digitalization and electrical mobility.