WEG (OTCMKTS:WEGZY) Sees Unusually-High Trading Volume – Still a Buy?

Weg S.A. (OTCMKTS:WEGZY) shares saw strong trading volume on Friday. Approximately 659,493 shares traded hands during trading, an increase of 194% from the previous session’s volume of 224,473 shares. The stock last traded at $9.54 and had previously closed at $9.44.

Wall Street Analyst Weigh In

WEGZY has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 28th. Zacks Research upgraded WEG to a “hold” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, WEG currently has an average rating of “Hold”.

WEG Price Performance

The firm has a 50 day moving average of $9.68 and a 200-day moving average of $9.29. The company has a market cap of $40.23 billion and a P/E ratio of 34.23. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

WEG (OTCMKTS:WEGZY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. WEG had a return on equity of 31.02% and a net margin of 15.58%. On average, equities research analysts predict that Weg S.A. will post 0.3 EPS for the current year.

WEG Company Profile

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.