Worley (OTCMKTS:WYGPY) Sees Large Volume Increase – Still a Buy?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) saw unusually-strong trading volume on Tuesday . Approximately 3,768 shares were traded during trading, an increase of 225% from the previous session’s volume of 1,160 shares.The stock last traded at $8.55 and had previously closed at $8.10.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded shares of Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Worley Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $9.00.

Worley Company Profile

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.