WEG (WEGZY) Projected to Post Quarterly Earnings on Tuesday

WEG (OTCMKTS:WEGZY) is projected to announce its results before the market opens on Tuesday, April 28th. Analysts expect the company to announce earnings of $0.0812 per share and revenue of $1.8892 billion for the quarter.

WEG Stock Performance

Shares of WEGZY stock opened at $9.52 on Friday. The company’s fifty day moving average price is $9.61 and its 200-day moving average price is $8.97. WEG has a one year low of $6.35 and a one 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.