WEG (OTCMKTS:WEGZY – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
WEG Price Performance
Shares of OTCMKTS:WEGZY opened at $9.12 on Tuesday. The firm has a market capitalization of $38.29 billion and a PE ratio of 7.70. The firm’s 50-day moving average is $8.71 and its two-hundred day moving average is $9.23. WEG has a 1 year low of $6.35 and a 1 year high of $10.80.
About WEG
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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