Babcock International Group (OTCMKTS:BCKIY) Sees Strong Trading Volume – Still a Buy?

Shares of Babcock International Group PLC (OTCMKTS:BCKIY) saw an uptick in trading volume on Wednesday . 181,523 shares changed hands during trading, an increase of 629% from the previous session’s volume of 24,897 shares.The stock last traded at $15.54 and had previously closed at $15.5950.

Wall Street Analyst Weigh In

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

Babcock International Group Stock Performance

The stock’s 50 day moving average is $16.19 and its 200 day moving average is $14.51. The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 1.57.

Babcock International Group Increases Dividend

The business 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. The ex-dividend date was Friday, August 22nd. This is a positive change from Babcock International Group’s previous dividend of $0.03. This represents a yield of 51.0%.

Babcock International Group Company Profile

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.