Weir Group (OTCMKTS:WEIGF) Stock Price Passes Above 50 Day Moving Average of $17.57

Weir Group PLC (OTCMKTS:WEIGF) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.57 and traded as high as $17.65. Weir Group shares last traded at $17.65, with a volume of 500 shares traded.

WEIGF has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Weir Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 18th. UBS Group lowered Weir Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada upgraded Weir Group from an “outperform” rating to a “top pick” rating in a research report on Tuesday, October 8th. Finally, Peel Hunt lowered Weir Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

The stock has a 50-day moving average price of $17.53 and a two-hundred day moving average price of $18.88.

Weir Group Company Profile (OTCMKTS:WEIGF)

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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