Iberdrola (OTCMKTS:IBDRY) Shares Gap Down - Time to Sell?

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $74.87, but opened at $71.99. Iberdrola shares last traded at $71.41, with a volume of 6,870 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded shares of Iberdrola to a "buy" rating in a report on Friday, April 25th.

Iberdrola Trading Up 0.3%

The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 0.71. The firm's 50-day moving average price is $74.04 and its 200 day moving average price is $66.03. The company has a market capitalization of $116.01 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.04 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.73 billion. As a group, equities research analysts predict that Iberdrola S.A. will post 3.57 earnings per share for the current year.

Iberdrola Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were given a $0.0175 dividend. This represents a yield of 1.03%. The ex-dividend date was Friday, May 23rd. Iberdrola's payout ratio is 89.43%.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.