WEIR GRP PLC/S (OTCMKTS:WEGRY) Stock Price Passes Below 50 Day Moving Average of $9.44

WEIR GRP PLC/S (OTCMKTS:WEGRY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.44 and traded as low as $8.83. WEIR GRP PLC/S shares last traded at $8.83, with a volume of 4,404 shares trading hands.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of WEIR GRP PLC/S from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Credit Suisse Group lowered shares of WEIR GRP PLC/S from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 19th. Finally, UBS Group lowered shares of WEIR GRP PLC/S from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.00.

The company has a market cap of $4.41 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.64. The firm’s 50 day moving average price is $9.41 and its 200-day moving average price is $9.06.

About WEIR GRP PLC/S (OTCMKTS:WEGRY)

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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