Weir Group (OTCMKTS:WEGRY) Sees Strong Trading Volume – Still a Buy?

Weir Group (OTCMKTS:WEGRY) saw unusually-high trading volume on Monday . Approximately 164,581 shares were traded during mid-day trading, an increase of 303% from the previous session’s volume of 40,809 shares.The stock last traded at $18.35 and had previously closed at $19.00.

Analyst Ratings Changes

Several brokerages have commented on WEGRY. Kepler Capital Markets raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Weir Group Trading Down 1.2%

The stock has a 50 day moving average of $18.16 and a two-hundred day moving average of $18.37. The company has a quick ratio of 1.30, a current ratio of 2.05 and a debt-to-equity ratio of 0.87.

Weir Group Company Profile

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.