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

Weir Group (OTCMKTS:WEGRY) saw strong trading volume on Thursday. 92,077 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 46,174 shares. The stock last traded at $16.0150 and had previously closed at $16.16.

Analyst Upgrades and Downgrades

WEGRY has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a research note on Friday, October 9th. Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Weir Group Stock Down 1.0%

The company has a 50 day moving average price of $17.68 and a 200 day moving average price of $18.78.

Weir Group Company Profile

Weir Group plc is a global engineering company focused on equipment and services for the mining and mineral-processing industries. Its products help customers handle, crush and process materials, including through pumps, valves, crushers and related systems. The company also provides maintenance, replacement parts and other aftermarket services, as well as digital tools designed to support equipment performance and operational efficiency. Weir serves mining customers across major mining regions worldwide.