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Weir Group (OTCMKTS:WEGRY) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

The Weir Group logo with Construction background

Weir Group (OTCMKTS:WEGRY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $15.69 and traded as high as $17.09. Weir Group shares last traded at $17.09, with a volume of 462 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WEGRY shares. Kepler Capital Markets upgraded Weir Group from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. UBS Group upgraded Weir Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Weir Group in a research note on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy".

Get Our Latest Stock Report on WEGRY

Weir Group Stock Performance

The firm's 50 day moving average price is $15.87 and its two-hundred day moving average price is $14.96.

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.

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