WSP Global (OTCMKTS:WSPOF) Sets New 52-Week Low - What's Next?

Key Points

• WSP Global hit a new 52-week low, trading as low as $152.5780 on Friday (last trade $152.5780) and was down about 3.2% on very light volume of 485 shares.
• Despite the drop, analyst sentiment remains positive with four analysts rating the stock a Buy and firms like TD Securities and Scotiabank reiterating buy/outperform calls, giving a consensus rating of "Buy".
• The stock is trading well below its technical levels, with a 50-day moving average of $175.69 and a 200-day moving average of $184.20, signaling notable short-term and medium-term weakness.

WSP Global Inc. (OTCMKTS:WSPOF - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $152.5780 and last traded at $152.5780, with a volume of 485 shares changing hands. The stock had previously closed at $157.4950.

Analyst Ratings Changes

WSPOF has been the topic of a number of recent analyst reports. TD Securities restated a "buy" rating on shares of WSP Global in a report on Tuesday, December 23rd. Scotiabank reissued an "outperform" rating on shares of WSP Global in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy".

WSP Global Stock Down 3.2%

The business has a 50 day moving average of $175.69 and a two-hundred day moving average of $184.20.

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.

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