WEG (OTCMKTS:WEGZY) Shares Gap Down – Should You Sell?

Weg S.A. (OTCMKTS:WEGZY) gapped down prior to trading on Tuesday . The stock had previously closed at $10.28, but opened at $9.97. WEG shares last traded at $9.9440, with a volume of 9,652 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised WEG to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

WEG Stock Down 1.8%

The stock has a market cap of $42.39 billion and a PE ratio of 36.07. 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 company has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $9.25.

WEG (OTCMKTS:WEGZY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. WEG had a return on equity of 31.02% and a net margin of 15.58%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Analysts expect that Weg S.A. will post 0.31 EPS for the current year.

WEG Company Profile

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

The company also produces industrial coatings, varnishes and related products, as well as equipment and solutions for power generation, transmission and distribution.