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The Weir Group (OTCMKTS:WEGRY) Shares Cross Above 50-Day Moving Average - Here's Why

The Weir Group logo with Construction background

The Weir Group PLC (OTCMKTS:WEGRY - Get Free Report)'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.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on WEGRY

The Weir Group Price Performance

The business's 50 day moving average is $14.96 and its 200 day moving average is $14.27. 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 firm also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, April 22nd will be issued a $0.1394 dividend. The ex-dividend date is Tuesday, April 22nd. This is an increase from The Weir Group's previous dividend of $0.10.

The Weir Group Company Profile

(Get Free Report)

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.

Further Reading

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