Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s share price was down 3.7% during mid-day trading on Tuesday . The company traded as low as $8.75 and last traded at $9.31. 44,725 shares changed hands during trading, a decline of 29% from the average session volume of 63,334 shares. The stock had previously closed at $9.67.
WEG Stock Down 3.7%
The stock has a fifty day moving average of $9.00 and a 200 day moving average of $9.24.
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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