Weir Group (OTCMKTS:WEGRY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Weir Group (OTCMKTS:WEGRY) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.26 and traded as low as $18.26. Weir Group shares last traded at $18.26, with a volume of 14,272 shares traded.

Analyst Upgrades and Downgrades

WEGRY has been the topic of a number of research reports. Zacks Research upgraded shares of Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. Finally, Kepler Capital Markets upgraded shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Weir Group Stock Down 2.2%

The stock’s 50-day simple moving average is $16.73 and its 200 day simple moving average is $19.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.30 and a current ratio of 2.05.

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.