Worley (OTCMKTS:WYGPY) Stock Price Down 0.7% - Time to Sell?

Key Points

• Worley Limited's share price decreased by 0.7%, trading at $9.59, with a significant increase in trading volume of 745% compared to the average.
• Royal Bank of Canada upgraded Worley's rating from "hold" to "moderate buy," contributing to a current consensus rating of "Buy" among analysts.
• The company declared a dividend of $0.1295 per share, with an impressive yield of 267.0%, set to be paid on October 16th.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report)'s share price traded down 0.7% during mid-day trading on Monday . The company traded as low as $9.59 and last traded at $9.59. 2,094 shares changed hands during mid-day trading, an increase of 745% from the average session volume of 248 shares. The stock had previously closed at $9.66.

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 note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Worley Price Performance

The stock's fifty day moving average is $9.06 and its 200 day moving average is $8.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.25.

Worley Dividend Announcement

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

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.

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