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

The Weir Group PLC (OTCMKTS:WEGRY)’s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

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

The Weir Group Trading Up 2.1 %

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 firm has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $14.23.

The Weir Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, April 22nd will be paid a $0.1394 dividend. The ex-dividend date is Tuesday, April 22nd. This is an increase 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.