Weir Group (OTCMKTS:WEGRY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Weir Group (OTCMKTS:WEGRY) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities research analysts recently issued reports on the company. Kepler Capital Markets downgraded Weir Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 4th. The Goldman Sachs Group cut Weir Group from a “buy” rating to a “neutral” rating in a research note on Thursday.

Weir Group Stock Up 3.6%

Shares of WEGRY stock traded up $0.68 on Thursday, reaching $19.39. The company’s stock had a trading volume of 5,524 shares, compared to its average volume of 19,232. The company has a current ratio of 2.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. Weir Group has a 12-month low of $12.45 and a 12-month high of $20.80. The stock’s 50 day simple moving average is $18.60 and its 200-day simple moving average is $17.29.

Weir Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 6th will be given a dividend of $0.1096 per share. This represents a yield of 128.0%. The ex-dividend date of this dividend is Friday, October 3rd.

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.