Weir Group (OTCMKTS:WEGRY) Shares Gap Down – Here’s What Happened

Weir Group (OTCMKTS:WEGRY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $22.23, but opened at $21.38. Weir Group shares last traded at $21.37, with a volume of 4,391 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a research report on Wednesday, February 4th. Zacks Research downgraded Weir Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Weir Group in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Weir Group Stock Down 4.6%

The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30. The stock has a 50-day moving average price of $21.28 and a 200-day moving average price of $20.45.

Weir Group Company Profile

Weir Group PLC is a Glasgow‐based engineering firm specializing in the design, manufacture and aftermarket servicing of equipment for the minerals, oil & gas and power industries. Founded in 1871, the company has built a reputation for delivering robust solutions that improve safety, efficiency and sustainability across challenging industrial environments. Its core focus lies in high‐performance equipment that supports critical processes such as ore extraction, fluid handling and pressure management.

The company’s Minerals division supplies a comprehensive range of products including slurry pumps, hydrocyclones, crushers and grinding mills, which are widely used in mining and quarrying operations.