The Weir Group (OTCMKTS:WEGRY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

The Weir Group PLC (OTCMKTS:WEGRYGet Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.23 and traded as high as $14.68. The Weir Group shares last traded at $14.64, with a volume of 572 shares traded.

Analysts Set New Price Targets

Separately, BNP Paribas lowered shares of The Weir Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Read Our Latest Stock Analysis on The Weir Group

The Weir Group Stock Up 3.0 %

The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $14.24 and its two-hundred day moving average is $13.84.

About The Weir Group

(Get Free Report)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.

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