Worley (OTCMKTS:WYGPY) Shares Gap Down – Time to Sell?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.53, but opened at $6.72. Worley shares last traded at $6.72, with a volume of 115 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Worley Stock Down 10.8%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50-day simple moving average is $8.76 and its 200-day simple moving average is $8.91.

Worley Company Profile

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.