WSP Global (OTCMKTS:WSPOF) Trading Down 8.1% – Here’s What Happened

WSP Global Inc. (OTCMKTS:WSPOF) traded down 8.1% during mid-day trading on Thursday . The stock traded as low as $114.38 and last traded at $114.38. 1,531 shares traded hands during trading, a decline of 92% from the average daily volume of 20,006 shares. The stock had previously closed at $124.5151.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WSPOF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research report on Wednesday, July 8th. Scotiabank reiterated an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

WSP Global Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50-day simple moving average is $130.23 and its 200 day simple moving average is $157.20. The stock has a market capitalization of $15.42 billion and a P/E ratio of 71.04.

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, topping analysts’ consensus estimates of $1.48 by $0.13. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.65 billion. WSP Global had a net margin of 5.46% and a return on equity of 12.01%.

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.