Weir Group (OTCMKTS:WEGRY) Shares Gap Down – Here’s What Happened

Weir Group (OTCMKTS:WEGRY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $22.23, but opened at $21.38. Weir Group shares last traded at $21.37, with a volume of 4,391 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WEGRY shares. Zacks Research cut shares of Weir Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Weir Group in a research report on Monday, January 12th. Finally, Citigroup restated a “buy” rating on shares of Weir Group in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Weir Group currently has an average rating of “Moderate Buy”.

Weir Group Trading Down 4.6%

The stock has a 50-day moving average of $21.28 and a 200 day moving average of $20.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30.

About Weir Group

Weir Group PLC is a Glasgow‐based engineering firm specializing in the design, manufacture and aftermarket servicing of equipment for the minerals, oil & gas and power industries. Founded in 1871, the company has built a reputation for delivering robust solutions that improve safety, efficiency and sustainability across challenging industrial environments. Its core focus lies in high‐performance equipment that supports critical processes such as ore extraction, fluid handling and pressure management.

The company’s Minerals division supplies a comprehensive range of products including slurry pumps, hydrocyclones, crushers and grinding mills, which are widely used in mining and quarrying operations.