Worley (OTCMKTS:WYGPY) Shares Gap Down - Here's Why

Key Points

• Worley Limited's shares gapped down from $9.88 to $9.58 before the market opened on Thursday, with a volume of 258 shares traded.
• Analysts have raised their outlook on Worley, with Royal Bank Of Canada upgrading it from a "hold" to a "moderate buy" rating, contributing to a consensus rating of "Buy."
• The company announced a quarterly dividend of $0.1295, boasting a remarkable yield of 267.0%, which will be paid on October 16th to investors on record as of September 9th.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.88, but opened at $9.58. Worley shares last traded at $9.58, with a volume of 258 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised Worley from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

Worley Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average price of $8.88 and a 200-day moving average price of $8.47.

Worley Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 9th will be paid a $0.1295 dividend. The ex-dividend date is Monday, September 8th. This represents a dividend yield of 267.0%.

Worley Company Profile

Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. The company offers digital, consulting, engineering and design, construction management, construction and fabrication, supply chain management, project management, and operation and maintenance services, as well as maintenance, modification, and operation services.