The Weir Group PLC (LON:WEIR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,864.48 ($23.21) and traded as high as GBX 2,024 ($25.20). The Weir Group shares last traded at GBX 2,010 ($25.02), with a volume of 523,611 shares traded.
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a "buy" rating on shares of The Weir Group in a research note on Thursday, February 29th.
Read Our Latest Research Report on The Weir Group
The Weir Group Stock Down 0.8 %
The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 82.21. The stock's fifty day moving average is GBX 1,941.19 and its two-hundred day moving average is GBX 1,864.48. The firm has a market cap of £5.17 billion, a P/E ratio of 2,284.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.
The Weir Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.11%. This is a positive change from The Weir Group's previous dividend of $17.80. The Weir Group's dividend payout ratio (DPR) is 4,431.82%.
Insiders Place Their Bets
In related news, insider Graham Vanhegan sold 1,869 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.35), for a total value of £38,052.84 ($47,370.65). 0.40% of the stock is owned by company insiders.
About The Weir Group
(
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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.
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