Weir Group (OTCMKTS:WEGRY) Trading 5.9% Higher – Time to Buy?

Shares of Weir Group (OTCMKTS:WEGRY) were up 5.9% during mid-day trading on Thursday . The company traded as high as $18.83 and last traded at $18.74. Approximately 1,358 shares traded hands during trading, a decline of 96% from the average session volume of 38,305 shares. The stock had previously closed at $17.69.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WEGRY. Kepler Capital Markets raised Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Zacks Research raised Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a report on Wednesday. Finally, Citigroup restated a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Weir Group Price Performance

The business’s 50 day moving average is $17.16 and its 200 day moving average is $19.00. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87.

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.