Weir Group (OTCMKTS:WEGRY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Weir Group (OTCMKTS:WEGRY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.74 and traded as low as $15.98. Weir Group shares last traded at $16.11, with a volume of 44,107 shares traded.

Analysts Set New Price Targets

WEGRY has been the subject of a number of recent research reports. Zacks Research raised Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Weir Group Price Performance

The business’s 50-day moving average price is $16.74 and its 200 day moving average price is $19.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30.

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.