Weir Group (OTCMKTS:WEGRY) Shares Gap Up – Here’s What Happened

Shares of Weir Group (OTCMKTS:WEGRY) gapped up before the market opened on Monday . The stock had previously closed at $19.41, but opened at $20.09. Weir Group shares last traded at $19.9456, with a volume of 9,499 shares.

Analyst Ratings Changes

WEGRY has been the subject of a number of research reports. Kepler Capital Markets raised Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Zacks Research raised shares of Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Weir Group in a report on Wednesday. One research 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 company. Based on data from MarketBeat, Weir Group has an average rating of “Moderate Buy”.

Weir Group Stock Up 3.0%

The stock has a 50 day moving average of $17.29 and a 200 day moving average of $18.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.30 and a current ratio of 2.05.

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.