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

Weir Group (OTCMKTS:WEGRY) saw unusually-strong trading volume on Tuesday . Approximately 81,243 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 44,869 shares.The stock last traded at $18.46 and had previously closed at $18.21.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WEGRY shares. Kepler Capital Markets raised Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Weir Group Stock Down 3.2%

The business has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $18.17. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87.

About Weir Group

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.