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Weir Group (OTCMKTS:WEGRY) Sees Unusually-High Trading Volume - Here's Why

Weir Group logo with Construction background

Weir Group (OTCMKTS:WEGRY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 63,825 shares changed hands during trading, an increase of 828% from the previous session's volume of 6,877 shares.The stock last traded at $17.88 and had previously closed at $18.10.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WEGRY shares. Kepler Capital Markets raised Weir Group from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Weir Group in a report on Wednesday, June 11th. Citigroup raised Weir Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, UBS Group raised Weir Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Weir Group presently has a consensus rating of "Strong Buy".

View Our Latest Research Report on Weir Group

Weir Group Trading Down 1.2%

The business's fifty day simple moving average is $16.71 and its 200-day simple moving average is $15.41.

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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