The Weir Group (LON:WEIR) Share Price Crosses Above 200 Day Moving Average of $1,864.48

The Weir Group PLC (LON:WEIR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,864.48 ($23.21) and traded as high as GBX 2,024 ($25.20). The Weir Group shares last traded at GBX 2,010 ($25.02), with a volume of 523,611 shares changing hands.

Analyst Ratings Changes

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

The Weir Group Trading Down 0.7 %

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 business’s 50 day moving average is GBX 1,945.02 and its 200-day moving average is GBX 1,865.37. The firm has a market cap of £5.14 billion, a P/E ratio of 2,239.77, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.

The Weir Group Increases Dividend

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

Insider Buying and Selling

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of The Weir Group stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.35), for a total value of £38,052.84 ($47,370.65). 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.