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

Weir Group (OTCMKTS:WEGRY) gapped down prior to trading on Friday . The stock had previously closed at $18.96, but opened at $18.24. Weir Group shares last traded at $18.37, with a volume of 488 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on WEGRY shares. Citigroup reissued a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Zacks Research raised Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Weir Group Trading Up 1.1%

The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $16.99 and its 200 day simple moving average is $19.14.

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.