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Worley (OTCMKTS:WYGPY) Shares Gap Down - Time to Sell?

Worley logo with Business Services background
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Key Points

  • Worley shares gapped down Monday, opening at $8.27 after Friday's close of $8.6575, with light trading of just 168 shares.
  • Jefferies downgraded the stock from "strong-buy" to "hold," leaving a MarketBeat consensus of Moderate Buy based on one Buy and one Hold analyst.
  • Technically, the stock sits just above its 50‑day moving average ($8.10) but below its 200‑day moving average ($8.61), indicating near‑term weakness against longer‑term levels.
  • MarketBeat previews top five stocks to own in June.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.6575, but opened at $8.27. Worley shares last traded at $8.27, with a volume of 168 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut Worley from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

View Our Latest Stock Analysis on Worley

Worley Price Performance

The firm has a 50 day moving average of $8.10 and a 200-day moving average of $8.61.

About Worley

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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