The Weir Group PLC (OTCMKTS:WEGRY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.95 and traded as high as $15.99. The Weir Group shares last traded at $15.16, with a volume of 657 shares changing hands.
Analysts Set New Price Targets
Several research analysts have recently commented on WEGRY shares. BNP Paribas downgraded The Weir Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. UBS Group upgraded The Weir Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, The Weir Group presently has a consensus rating of "Strong Buy".
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The Weir Group Price Performance
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 firm has a 50 day moving average price of $14.96 and a 200-day moving average price of $14.43.
The Weir Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, April 22nd will be given a $0.1394 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from The Weir Group's previous dividend of $0.10.
The Weir Group Company Profile
(
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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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