The Weir Group PLC (OTCMKTS:WEGRY – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,900 shares, a growth of 137.5% from the April 30th total of 800 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 1.2 days.
The Weir Group Price Performance
WEGRY stock opened at $10.72 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62. The Weir Group has a 1 year low of $7.51 and a 1 year high of $12.20. The stock’s fifty day moving average is $11.28 and its two-hundred day moving average is $10.97.
The Weir Group Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, June 8th. Shareholders of record on Friday, April 21st will be paid a $0.0961 dividend. This represents a yield of 1.3%. This is a boost from The Weir Group’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 20th.
Wall Street Analysts Forecast Growth
The Weir Group Company Profile
The Weir Group Plc engages in the provision of engineering solutions. It operates through the following segments: Minerals, Oil and Gas, and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
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