WSP Global (OTCMKTS:WSPOF) Sets New 52-Week Low – Time to Sell?

WSP Global Inc. (OTCMKTS:WSPOF)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $129.07 and last traded at $129.1760, with a volume of 342 shares changing hands. The stock had previously closed at $133.98.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WSPOF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a research report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

WSP Global Price Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $152.31 and a two-hundred day moving average price of $168.38.

WSP Global (OTCMKTS:WSPOF) last posted its earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.13. WSP Global had a net margin of 5.46% and a return on equity of 12.01%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.65 billion.

WSP Global Company Profile

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.