The Weir Group (OTCMKTS:WEGRY) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

The Weir Group PLC (OTCMKTS:WEGRY)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.84 and traded as high as $15.51. The Weir Group shares last traded at $15.51, with a volume of 853 shares trading hands.

Wall Street Analyst Weigh In

Separately, BNP Paribas downgraded The Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th.

The Weir Group Trading Down 1.8 %

The stock has a 50 day moving average price of $14.89 and a 200 day moving average price of $14.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 2.07.

The Weir Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.1394 per share. This is an increase from The Weir Group’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, April 22nd.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.