Worley (OTCMKTS:WYGPY) Shares Gap Down - Should You Sell?

Key Points

• Worley Limited's share price gapped down, opening at $9.45 after closing at $9.69, with a recent trading volume of only 101 shares.
• The Royal Bank of Canada upgraded Worley from a "hold" to a "moderate buy" rating, while the consensus rating remains "Buy."
• Worley declared a dividend of $0.1295 per share, with a significant yield of 267.0%, to be paid on October 16th to shareholders of record on September 9th.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.69, but opened at $9.45. Worley shares last traded at $9.45, with a volume of 101 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded Worley from a "hold" rating to a "moderate buy" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Worley has a consensus rating of "Buy".

Worley Stock Performance

The company has a 50-day moving average price of $8.79 and a 200-day moving average price of $8.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 1.03.

Worley Announces Dividend

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

About Worley

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.