WSP Global (OTCMKTS:WSPOF) Reaches New 1-Year Low – Should You Sell?

WSP Global Inc. (OTCMKTS:WSPOF)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $137.1325 and last traded at $137.1325, with a volume of 68 shares. The stock had previously closed at $138.90.

Analyst Upgrades and Downgrades

WSPOF has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a research note on Friday, May 8th. Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

WSP Global Price Performance

The company’s 50-day moving average is $159.12 and its 200-day moving average is $172.94.

WSP Global (OTCMKTS:WSPOF) last released its earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.13. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.65 billion.

WSP Global Company Profile

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.