Weir Group (OTCMKTS:WEGRY) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Weir Group (OTCMKTS:WEGRY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $19.01 and traded as low as $16.67. Weir Group shares last traded at $16.73, with a volume of 25,868 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on WEGRY. Zacks Research upgraded shares of Weir Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Weir Group Stock Performance

The business’s 50-day moving average price is $19.01 and its 200 day moving average price is $20.20. 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.