The Weir Group PLC (OTCMKTS:WEGRY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,400 shares, a drop of 46.2% from the April 30th total of 2,600 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on WEGRY. BNP Paribas downgraded shares of The Weir Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Kepler Capital Markets upgraded The Weir Group from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, UBS Group upgraded The Weir Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".
View Our Latest Report on The Weir Group
The Weir Group Trading Down 0.5%
OTCMKTS WEGRY traded down $0.08 on Tuesday, hitting $16.32. 4,209 shares of the company's stock were exchanged, compared to its average volume of 7,167. The stock has a 50-day moving average of $15.15 and a 200-day moving average of $14.70. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.62. The Weir Group has a 52 week low of $11.80 and a 52 week high of $16.77.
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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