Weir Group (OTCMKTS:WEGRY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Weir Group (OTCMKTS:WEGRY) saw unusually-strong trading volume on Monday . Approximately 164,581 shares changed hands during mid-day trading, an increase of 303% from the previous session’s volume of 40,809 shares.The stock last traded at $18.35 and had previously closed at $19.00.

Analyst Upgrades and Downgrades

WEGRY has been the topic of several recent research reports. Kepler Capital Markets raised Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Weir Group Stock Performance

The business’s 50 day moving average is $18.11 and its 200-day moving average is $18.46. 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, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.