Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s stock price dropped 0.4% on Wednesday . The company traded as low as $7.32 and last traded at $7.32. Approximately 64,195 shares traded hands during trading, a decline of 31% from the average daily volume of 93,135 shares. The stock had previously closed at $7.35.
WEG Stock Performance
The business has a 50-day simple moving average of $7.42 and a two-hundred day simple moving average of $7.11.
WEG Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Monday, April 1st will be given a dividend of $0.0075 per share. The ex-dividend date is Thursday, March 28th. WEG’s dividend payout ratio (DPR) is currently 24.44%.
About WEG
WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.
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