WEG (OTCMKTS:WEGZY) Trading Down 6.5% – Time to Sell?

by · The Cerbat Gem

Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s share price fell 6.5% during trading on Tuesday . The stock traded as low as $8.55 and last traded at $8.70. 24,733 shares changed hands during trading, a decline of 66% from the average session volume of 71,778 shares. The stock had previously closed at $9.30.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on shares of WEG in a report on Wednesday, November 26th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Get Our Latest Analysis on WEG

WEG Trading Down 6.5%

The business has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $7.48.

WEG Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, October 6th will be paid a dividend of $0.0136 per share. The ex-dividend date is Friday, October 3rd. This represents a yield of 163.0%. WEG’s dividend payout ratio (DPR) is 24.44%.

About WEG

(Get Free Report)

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.

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