Babcock International Group (OTCMKTS:BCKIY) Shares Down 1.3% – Here’s Why

Babcock International Group PLC (OTCMKTS:BCKIY)’s share price was down 1.3% during mid-day trading on Friday . The stock traded as low as $15.40 and last traded at $15.48. Approximately 6,056 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 24,286 shares. The stock had previously closed at $15.68.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Babcock International Group to a “moderate buy” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Babcock International Group presently has a consensus rating of “Strong Buy”.

Babcock International Group Stock Down 1.3%

The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 1.57. The business’s fifty day moving average is $16.11 and its two-hundred day moving average is $14.39.

Babcock International Group Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, August 25th were issued a $0.0487 dividend. This represents a yield of 51.0%. This is a boost from Babcock International Group’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, August 22nd.

About Babcock International Group

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.