Weir Group (OTCMKTS:WEGRY) Shares Cross Above 50 Day Moving Average – What’s Next?

Weir Group (OTCMKTS:WEGRY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.49 and traded as high as $23.40. Weir Group shares last traded at $23.25, with a volume of 41,933 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WEGRY shares. Citigroup restated a “buy” rating on shares of Weir Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Weir Group in a research note on Monday, January 12th. Finally, The Goldman Sachs Group lowered Weir Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Weir Group presently has a consensus rating of “Moderate Buy”.

Weir Group Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 2.09 and a quick ratio of 1.32. The firm has a 50 day moving average of $20.49 and a 200-day moving average of $18.96.

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.