Babcock International Group (OTCMKTS:BCKIY) Sets New 12-Month High – Here’s What Happened

Babcock International Group PLC (OTCMKTS:BCKIY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $10.33 and last traded at $10.30, with a volume of 9961 shares trading hands. The stock had previously closed at $9.85.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Babcock International Group from a “hold” rating to a “strong-buy” rating in a report on Monday.

Babcock International Group Price Performance

The business has a 50 day simple moving average of $7.55 and a 200-day simple moving average of $6.88. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.73.

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.