The Weir Group (LON:WEIR) Stock Price Crosses Above 200-Day Moving Average of $1,870.26

The Weir Group PLC (LON:WEIR)’s stock price 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 trading hands.

Analyst Upgrades and Downgrades

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

The Weir Group Price Performance

The stock has a market cap of £5.22 billion, a PE ratio of 2,284.09, a P/E/G ratio of 2.59 and a beta of 1.42. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 82.21. The company’s 50 day moving average is GBX 1,966.48 and its 200-day moving average is GBX 1,871.22.

The Weir Group Increases Dividend

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

Insider Transactions at The Weir Group

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