Vinci (OTCMKTS:VCISY) Shares Gap Down - Here's What Happened

Key Points

• Vinci SA's shares gapped down from a closing price of $36.35 to $34.80 before trading at $34.88 with a volume of 49,178 shares.
• Barclays reaffirmed an "overweight" rating on Vinci shares, while the stock has an overall average rating of "Buy" from analysts.
• The company declared a dividend of $0.1949, which will be paid on October 31st, reflecting a substantial yield of 290.0%.

Vinci SA (OTCMKTS:VCISY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $36.35, but opened at $34.80. Vinci shares last traded at $34.88, with a volume of 49,178 shares.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an "overweight" rating on shares of Vinci in a research report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".

Vinci Trading Down 4.0%

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.80. The company has a fifty day moving average price of $34.80 and a 200-day moving average price of $35.23.

Vinci Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 13th will be issued a $0.1949 dividend. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 290.0%.

About Vinci

Vinci SA, together with its subsidiaries, engages in concessions, energy, and construction businesses in France and internationally. The Concessions segment manages motorway concessions; operates airports; and highways, railways, and stadium. Its Energy segment provides services to the manufacturing sector, infrastructure, facilities management, and information and communication technology; and industrial and energy-related services, which includes development of renewable energy assets, as well as engineering, procurement, and construction projects in the energy sector.

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