WSP Global (OTCMKTS:WSPOF) Hits New 52-Week Low – What’s Next?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low during trading on Tuesday . The stock traded as low as $150.2640 and last traded at $151.0060, with a volume of 193 shares. The stock had previously closed at $155.5120.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WSPOF shares. Scotiabank reissued an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of WSP Global in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, WSP Global currently has a consensus rating of “Buy”.

WSP Global Stock Down 2.2%

The stock’s fifty day moving average price is $162.67 and its 200 day moving average price is $175.67.

WSP Global (OTCMKTS:WSPOF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.13. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.