The Weir Group (OTCMKTS:WEGRY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

The Weir Group PLC (OTCMKTS:WEGRY)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.84 and traded as high as $15.51. The Weir Group shares last traded at $15.51, with a volume of 853 shares changing hands.

Analyst Ratings Changes

Separately, BNP Paribas cut shares of The Weir Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th.

The Weir Group Stock Down 1.8 %

The stock has a fifty day simple moving average of $14.89 and a two-hundred day simple moving average of $14.25. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62.

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 paid a dividend of $0.1394 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from The Weir Group’s previous dividend of $0.10.

The Weir Group Company Profile

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.