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

Weir Group (OTCMKTS:WEGRY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.49 and traded as high as $23.40. Weir Group shares last traded at $23.25, with a volume of 41,933 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on WEGRY shares. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Weir Group in a research report on Monday, January 12th. Finally, The Goldman Sachs Group cut shares of Weir Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 6th. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Weir Group Stock Up 2.7%

The company has a debt-to-equity ratio of 0.86, a current ratio of 2.09 and a quick ratio of 1.32. The company has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $19.00.

About Weir Group

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.