The Weir Group (LON:WEIR) Shares Cross Above Two Hundred Day Moving Average of $1,870.26

Shares of The Weir Group PLC (LON:WEIR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,870.26 ($23.10) and traded as high as GBX 2,012 ($24.85). The Weir Group shares last traded at GBX 1,967 ($24.30), with a volume of 532,856 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th.

The Weir Group Trading Up 1.0 %

The company has a market capitalization of £5.16 billion, a P/E ratio of 2,235.23, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42. The business has a fifty day moving average price of GBX 1,963.69 and a 200 day moving average price of GBX 1,870.26. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 82.21.

The Weir Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a GBX 20.80 ($0.26) dividend. This represents a dividend yield of 1.11%. This is a positive change from The Weir Group’s previous dividend of $17.80. The ex-dividend date of this dividend is Thursday, April 18th. The Weir Group’s payout ratio is 4,431.82%.

Insider Activity

In other news, insider Graham Vanhegan sold 1,869 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.15), for a total value of £38,052.84 ($47,002.03). Corporate insiders own 0.40% of the company’s stock.

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.