Weir Group (OTCMKTS:WEGRY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Weir Group (OTCMKTS:WEGRY) have earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

WEGRY has been the subject of a number of research reports. Kepler Capital Markets downgraded shares of Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. The Goldman Sachs Group downgraded Weir Group from a “buy” rating to a “hold” rating in a report on Thursday, November 6th.

Weir Group Stock Up 0.5%

OTCMKTS:WEGRY opened at $18.37 on Monday. The company has a 50-day moving average price of $19.08 and a 200-day moving average price of $17.69. Weir Group has a 12 month low of $12.45 and a 12 month high of $20.80. The company has a quick ratio of 1.32, a current ratio of 2.09 and a debt-to-equity ratio of 0.86.

Weir Group Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 6th were issued a dividend of $0.1096 per share. This represents a dividend yield of 128.0%. The ex-dividend date was Friday, October 3rd.

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.