Zacks Research Downgrades Weir Group (OTCMKTS:WEGRY) to Strong Sell

Weir Group (OTCMKTS:WEGRY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on WEGRY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Weir Group in a research note on Monday, January 12th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Weir Group Stock Performance

OTCMKTS:WEGRY opened at $20.60 on Tuesday. Weir Group has a 52-week low of $12.45 and a 52-week high of $24.85. The company has a quick ratio of 1.32, a current ratio of 2.09 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $22.31 and a 200-day simple moving average of $19.99.

Weir Group Company Profile

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.