Worley (OTCMKTS:WYGPY) Stock Price Up 9.5% - Time to Buy?

Key Points

• Worley Limited shares rose by 9.5% to close at $9.88 after trading, despite a decrease in trading volume by 50%.
• Royal Bank of Canada has upgraded Worley's rating from "hold" to "moderate buy", contributing to an overall analyst rating of "Buy."
• The company announced a dividend of $0.1295 per share with a remarkable dividend yield of 267.0%, payable on October 16th to stockholders of record by September 9th.

Shares of Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) were up 9.5% during trading on Monday . The company traded as high as $9.88 and last traded at $9.88. Approximately 798 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,599 shares. The stock had previously closed at $9.02.

Wall Street Analysts Forecast Growth

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

Worley Stock Performance

The business's 50-day moving average price is $8.88 and its 200-day moving average price is $8.48. 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 Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 9th will be given a $0.1295 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a dividend 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.