Weir Group (OTCMKTS:WEGRY) Stock Crosses Above 50-Day Moving Average – Here’s Why

Weir Group (OTCMKTS:WEGRY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $21.72 and traded as high as $24.07. Weir Group shares last traded at $23.9550, with a volume of 10,534 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WEGRY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Weir Group in a report on Monday, January 12th. The Goldman Sachs Group cut shares of Weir Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Citigroup reissued a “buy” rating on shares of Weir Group in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Weir Group presently has a consensus rating of “Moderate Buy”.

Weir Group Trading Down 0.1%

The stock has a 50-day moving average of $21.72 and a 200 day moving average of $19.58. 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 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.