Babcock International Group (OTCMKTS:BCKIY) Shares Gap Down - Here's Why

Key Points

• Babcock International Group shares gapped down from $14.26 to $13.18 at the market opening, indicating a decline in stock performance.
• The company has announced an increase in its dividend from $0.03 to $0.0487 per share, which represents a remarkable yield of 51.0%.
• Babcock operates in various sectors including aerospace, defense, and security across multiple regions including Europe and North America.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.26, but opened at $13.18. Babcock International Group shares last traded at $13.20, with a volume of 998 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of Babcock International Group to a "moderate buy" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

Babcock International Group Trading Down 1.0%

The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.81 and a current ratio of 0.90. The stock has a fifty day moving average price of $14.25 and a 200 day moving average price of $11.80.

Babcock International Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.0487 per share. This represents a yield of 51.0%. This is a boost from Babcock International Group's previous dividend of $0.03. The ex-dividend date is Friday, August 22nd.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.