WEG (OTCMKTS:WEGZY) Shares Down 1.7% – What’s Next?

Weg S.A. (OTCMKTS:WEGZY) dropped 1.7% during mid-day trading on Thursday . The company traded as low as $9.87 and last traded at $10.03. Approximately 16,084 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 67,183 shares. The stock had previously closed at $10.20.

WEG Trading Down 4.2 %

The firm’s 50-day moving average is $9.72 and its 200 day moving average is $8.45.

WEG Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, October 7th will be issued a dividend of $0.0084 per share. The ex-dividend date of this dividend is Monday, October 7th. This is a positive change from WEG’s previous dividend of $0.01. WEG’s payout ratio is 24.44%.

WEG Company Profile

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.