WEG (OTCMKTS:WEGZY) Trading Up 0.4% – Should You Buy?
by Teresa Graham · The Cerbat GemWeg S.A. (OTCMKTS:WEGZY – Get Free Report)’s share price was up 0.4% on Friday . The company traded as high as $10.6080 and last traded at $10.45. Approximately 16,929 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 52,097 shares. The stock had previously closed at $10.41.
WEG Price Performance
The stock’s 50 day moving average price is $9.67 and its two-hundred day moving average price is $8.75.
WEG Company Profile
WEG SA, trading in the U.S. over-the-counter as WEGZY, is a Brazilian multinational corporation specializing in the manufacture and distribution of electric motors, automation technologies and power generation equipment. The company’s portfolio spans low-, medium- and high-voltage electric machines, variable frequency drives and control systems designed for a wide array of industrial applications. WEG also offers transformer solutions and integrated automation products that support sectors including oil and gas, mining, pulp and paper, and infrastructure.
Founded in 1961 in Jaraguá do Sul, Brazil, WEG has grown from a small electric motor shop into one of the world’s largest industrial equipment manufacturers.