Shares of Weg S.A. (OTCMKTS:WEGZY – Get Free Report) dropped 0.9% on Tuesday . The company traded as low as $8.75 and last traded at $9.03. Approximately 40,133 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 49,117 shares. The stock had previously closed at $9.1084.
WEG Stock Down 0.9%
The business has a fifty day moving average price of $9.46 and a two-hundred day moving average price of $9.14.
WEG Company Profile
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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