The Weir Group (OTCMKTS:WEGRY) Shares Cross Above 50-Day Moving Average – Should You Sell?

The Weir Group PLC (OTCMKTS:WEGRY) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.23 and traded as high as $14.68. The Weir Group shares last traded at $14.64, with a volume of 572 shares trading hands.

Analysts Set New Price Targets

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

The Weir Group Stock Up 3.0 %

The company’s 50 day moving average is $14.24 and its 200 day moving average is $13.84. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.62.

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.