Babcock International Group PLC (OTCMKTS:BCKIY – Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 42,617 shares, a decrease of 34.4% from the March 15th total of 64,923 shares. Based on an average daily trading volume, of 85,364 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.
Babcock International Group Trading Up 2.0%
Shares of BCKIY stock opened at $17.58 on Tuesday. Babcock International Group has a 52-week low of $9.49 and a 52-week high of $21.15. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $17.46.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded Babcock International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.
About Babcock International Group
Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.
The company’s core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.
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