The Weir Group (OTCMKTS:WEGRY) Stock Passes Above 50 Day Moving Average of $12.81

The Weir Group PLC (OTCMKTS:WEGRY)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.81 and traded as high as $13.24. The Weir Group shares last traded at $13.09, with a volume of 5,608 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Berenberg Bank upgraded The Weir Group to a “strong-buy” rating in a report on Wednesday, May 22nd. Barclays upgraded The Weir Group to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded The Weir Group to a “moderate buy” rating in a report on Wednesday, July 31st.

The Weir Group Stock Up 1.7 %

The business has a fifty day moving average price of $12.83 and a 200 day moving average price of $12.89.

The Weir Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, October 4th will be given a $0.095 dividend. The ex-dividend date is Friday, October 4th.

About The Weir Group

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.