The Weir Group (LON:WEIR) Shares Cross Above Two Hundred Day Moving Average of $1,864.48

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

Wall Street Analyst Weigh In

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

The Weir Group Price Performance

The stock has a market capitalization of £5.22 billion, a price-to-earnings ratio of 2,284.09, a PEG ratio of 2.59 and a beta of 1.42. The company has a debt-to-equity ratio of 82.21, a quick ratio of 1.16 and a current ratio of 2.04. The company has a fifty day simple moving average of GBX 1,941.19 and a two-hundred day simple moving average of GBX 1,864.48.

The Weir Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 20.80 ($0.26) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.11%. This is a boost from The Weir Group’s previous dividend of $17.80. The Weir Group’s payout ratio is 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 on Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.35), for a total transaction of £38,052.84 ($47,370.65). 0.40% of the stock is owned by insiders.

About The Weir Group

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.