Weir Group (OTCMKTS:WEGRY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Weir Group (OTCMKTS:WEGRY) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

WEGRY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Weir Group in a report on Monday, January 12th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Weir Group Trading Down 3.8%

OTCMKTS:WEGRY opened at $17.25 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30. Weir Group has a twelve month low of $15.16 and a twelve month high of $24.85. The company’s 50 day moving average is $20.53 and its two-hundred day moving average is $20.48.

Weir Group Company Profile

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.