Weir Group (OTCMKTS:WEGRY) Trading Up 5.9% – Time to Buy?

Weir Group (OTCMKTS:WEGRY)’s share price traded up 5.9% on Thursday . The company traded as high as $18.83 and last traded at $18.74. Approximately 1,358 shares changed hands during trading, a decline of 96% from the average session volume of 38,305 shares. The stock had previously closed at $17.69.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday. 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 note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Weir Group has an average rating of “Moderate Buy”.

Weir Group Price Performance

The company’s 50-day simple moving average is $17.16 and its 200 day simple moving average is $19.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.30 and a current ratio of 2.05.

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.