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

Weir Group (OTCMKTS:WEGRY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $17.9373, but opened at $16.98. Weir Group shares last traded at $17.2520, with a volume of 29,245 shares.

Analysts Set New Price Targets

WEGRY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Weir Group in a research report on Monday, January 12th. Citigroup restated a “buy” rating on shares of Weir Group in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Weir Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Weir Group Price Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30. The stock has a fifty day simple moving average of $20.66 and a 200-day simple moving average of $20.50.

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.