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

Shares of Weir Group (OTCMKTS:WEGRY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.91 and traded as high as $20.09. Weir Group shares last traded at $19.63, with a volume of 693,397 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. Kepler Capital Markets lowered shares of Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “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 stock’s 50 day moving average is $17.91 and its two-hundred day moving average is $16.82.

Weir Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 6th will be given a dividend of $0.1096 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a yield of 128.0%.

Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.