The Weir Group (OTCMKTS:WEGRY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of The Weir Group PLC (OTCMKTS:WEGRY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.25 and traded as high as $16.52. The Weir Group shares last traded at $16.52, with a volume of 2,454 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on WEGRY shares. UBS Group raised The Weir Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. Kepler Capital Markets raised shares of The Weir Group from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

The Weir Group Trading Down 0.1%

The business has a 50 day simple moving average of $15.25 and a 200-day simple moving average of $14.77. 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 Weir Group Company Profile

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.