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

Weir Group (OTCMKTS:WEGRY) saw an uptick in trading volume on Thursday. 92,077 shares traded hands during trading, an increase of 99% from the average daily volume of 46,174 shares. The stock last traded at $16.0150 and had previously closed at $16.16.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Friday, October 9th. Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Weir Group Stock Performance

The stock has a 50-day moving average of $17.68 and a 200 day moving average of $18.78.

Weir Group Company Profile

Weir Group plc is a global engineering company focused on equipment and services for the mining and mineral-processing industries. Its products help customers handle, crush and process materials, including through pumps, valves, crushers and related systems. The company also provides maintenance, replacement parts and other aftermarket services, as well as digital tools designed to support equipment performance and operational efficiency. Weir serves mining customers across major mining regions worldwide.