Weir Group (OTCMKTS:WEGRY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Weir Group (OTCMKTS:WEGRY) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.31 and traded as low as $18.0775. Weir Group shares last traded at $18.34, with a volume of 89,499 shares.

Analyst Ratings Changes

WEGRY has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Weir Group in a research note on Wednesday, August 19th. Finally, Kepler Capital Markets raised Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. One investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Weir Group Price Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30. The company’s 50-day moving average is $18.39 and its 200 day moving average is $18.17.

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.