Whitbread (OTCMKTS:WTBDY) Shares Gap Down - Time to Sell?

Key Points

• Whitbread PLC shares gapped down from a previous close of $10.93 to $10.40 before the market opened, with a trading volume of 356 shares.
• Citigroup recently maintained a "buy" rating on Whitbread shares, indicating positive analyst sentiment.
• The company has increased its dividend to $0.201 per share, representing a yield of 3.33%, up from the previous dividend of $0.11.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.93, but opened at $10.40. Whitbread shares last traded at $10.40, with a volume of 356 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup reissued a "buy" rating on shares of Whitbread in a research note on Monday, June 16th.

Whitbread Trading Down 1.2%

The firm's fifty day moving average is $9.97 and its 200 day moving average is $9.07.

Whitbread Increases Dividend

The business also recently announced a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, May 26th were paid a $0.201 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 333.0%. This is an increase from Whitbread's previous dividend of $0.11.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.