Weir Group (OTCMKTS:WEGRY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Weir Group (OTCMKTS:WEGRY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.80 and traded as high as $23.56. Weir Group shares last traded at $23.27, with a volume of 8,992 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WEGRY shares. The Goldman Sachs Group lowered shares of Weir Group from a “buy” rating to a “hold” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Weir Group in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Weir Group Trading Up 1.2%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 2.09. The stock’s 50 day simple moving average is $19.80 and its two-hundred day simple moving average is $18.71.

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.