Babcock International Group (OTCMKTS:BCKIY) Shares Gap Down - Time to Sell?

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)'s stock price 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.

Analysts Set New Price Targets

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

Babcock International Group Stock Down 1.0%

The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 1.57. The firm's 50-day moving average price is $14.25 and its two-hundred day moving average price is $11.80.

Babcock International Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, August 25th will be issued a $0.0487 dividend. This represents a dividend yield of 51.0%. The ex-dividend date of this dividend is Friday, August 22nd. This is a positive change from Babcock International Group's previous dividend of $0.03.

About Babcock International Group

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.