Weir Group (OTCMKTS:WEGRY) Sees Unusually-High Trading Volume – Here’s What Happened

Weir Group (OTCMKTS:WEGRY) shares saw strong trading volume on Tuesday . 81,243 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 44,869 shares.The stock last traded at $18.46 and had previously closed at $18.21.

Analyst Upgrades and Downgrades

WEGRY has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a research note on Wednesday, August 19th. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Citigroup reissued a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Weir Group Stock Performance

The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average is $18.31 and its two-hundred day moving average is $18.21.

Weir Group Company Profile

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.