Worley (OTCMKTS:WYGPY) Shares Gap Down – Should You Sell?

Shares of Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) gapped down prior to trading on Friday . The stock had previously closed at $8.65, but opened at $7.91. Worley shares last traded at $7.91, with a volume of 310 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of Worley from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Worley Stock Down 8.6%

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 firm’s 50-day moving average is $8.81 and its 200 day moving average is $8.82.

About Worley

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.