Weir Group (OTCMKTS:WEGRY) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Weir Group (OTCMKTS:WEGRY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $19.19 and traded as high as $19.56. Weir Group shares last traded at $19.45, with a volume of 11,337 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Weir Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Weir Group Price Performance

The firm’s 50-day moving average is $19.19 and its 200-day moving average is $17.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.09 and a quick ratio of 1.32.

Weir Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 6th were given a dividend of $0.1096 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a dividend yield of 128.0%.

About Weir Group

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.