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

Weir Group (OTCMKTS:WEGRY) gapped down prior to trading on Thursday. The stock had previously closed at $17.95, but opened at $16.92. Weir Group shares last traded at $16.92, with a volume of 115 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Thursday, July 30th. Finally, Kepler Capital Markets upgraded shares of Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Weir Group Stock Down 0.4%

The stock has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $18.03.

About Weir Group

The Weir Group plc is a Glasgow-based engineering company that develops equipment and technology for the mining and minerals-processing industries. Its products are designed to help customers extract, transport, process and manage mineral resources, with a focus on improving operational efficiency, reliability and sustainability.

Through its Weir Minerals business, the company supplies pumps, crushers, screens, hydrocyclones, mill liners, valves and other equipment used in applications including comminution, slurry transportation, classification and dewatering.