Worley (OTCMKTS:WYGPY) Shares Gap Down – Time to Sell?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) gapped down prior to trading on Wednesday . The stock had previously closed at $9.5525, but opened at $8.91. Worley shares last traded at $8.91, with a volume of 255 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Worley has an average rating of “Moderate Buy”.

Worley Stock Performance

The business’s 50-day moving average price is $8.79 and its 200-day moving average price is $8.63.

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.