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

Key Points

• Babcock International Group shares gapped down from $16.70 to $16.25 before trading, currently trading at $16.23 with a volume of 737 shares.
• Royal Bank of Canada upgraded the stock to a "moderate buy" rating, contributing to a consensus rating of "Strong Buy" from other analysts.
• The company announced an increase in its dividend to $0.0487 per share, yielding 51.0%, payable on October 15th.

Shares of Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $16.70, but opened at $16.25. Babcock International Group shares last traded at $16.23, with a volume of 737 shares.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, Babcock International Group has a consensus rating of "Strong Buy".

Babcock International Group Trading Down 2.4%

The stock has a fifty day simple moving average of $15.09 and a 200-day simple moving average of $13.50. The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 1.57.

Babcock International Group Increases Dividend

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

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.

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