Weir Group (OTCMKTS:WEGRY) Stock Price Up 5.9% – Here’s What Happened

Weir Group (OTCMKTS:WEGRY) shares were up 5.9% during trading on Thursday . The stock traded as high as $18.83 and last traded at $18.74. 1,358 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 38,305 shares. The stock had previously closed at $17.69.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WEGRY shares. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th. Zacks Research upgraded shares of Weir Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Weir Group presently has an average rating of “Moderate Buy”.

Weir Group Stock Performance

The company’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $18.98. The company has a quick ratio of 1.30, a current ratio of 2.05 and a debt-to-equity ratio of 0.87.

About Weir Group

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.