The Weir Group (OTCMKTS:WEIGF) Trading Up 15.9% – Here’s What Happened

The Weir Group PLC (OTCMKTS:WEIGF) shares were up 15.9% during mid-day trading on Monday . The company traded as high as $41.05 and last traded at $41.05. Approximately 968 shares changed hands during trading, a decline of 84% from the average daily volume of 5,885 shares. The stock had previously closed at $35.41.

The Weir Group Trading Up 15.9%

The stock has a 50-day moving average price of $41.85 and a 200-day moving average price of $39.38.

About The Weir Group

The Weir Group plc is a UK?based engineering company founded in 1871 and headquartered in Glasgow, Scotland. With a heritage rooted in industrial innovation, the company has evolved into a diversified manufacturer and service provider for energy, mining and infrastructure markets worldwide. Originally established to supply pumps and valves for shipbuilding and marine applications, Weir has expanded its product portfolio over more than a century to become a global leader in heavy equipment and aftermarket support.

Weir’s core business activities are organized into two principal segments: Minerals and Pumps & Services.