Weir Group (OTCMKTS:WEGRY) Sees Unusually-High Trading Volume – Here’s What Happened

Weir Group (OTCMKTS:WEGRY) shares saw an uptick in trading volume on Tuesday . 81,243 shares traded hands during trading, an increase of 81% from the previous session’s volume of 44,869 shares.The stock last traded at $18.46 and had previously closed at $18.21.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WEGRY. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. Finally, Citigroup reissued a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Weir Group has a consensus rating of “Moderate Buy”.

Weir Group Trading Up 0.9%

The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average price of $18.31 and a two-hundred day moving average price of $18.21.

About Weir Group

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.