Babcock International Group (OTCMKTS:BCKIY) Reaches New 12-Month Low – Here’s Why

Babcock International Group PLC (OTCMKTS:BCKIY)’s share price hit a new 52-week low on Tuesday. The company traded as low as $11.97 and last traded at $11.97, with a volume of 12,914 shares trading hands. The stock had previously closed at $12.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group upgraded Babcock International Group to a “hold” rating in a research note on Thursday, October 8th. Barclays upgraded Babcock International Group to a “strong-buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Babcock International Group Stock Down 2.4%

The stock’s fifty day moving average price is $14.08 and its 200-day moving average price is $14.51. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 1.16.

About Babcock International Group

Babcock International Group plc is a United Kingdom-based engineering and support-services company that provides critical infrastructure, asset management and operational support for governments and commercial customers. Its activities span aerospace, defense, nuclear services, marine operations and emergency services, with a focus on managing complex, long-life assets and mission-critical programs.

The company supports naval fleets and submarines, military aircraft and land systems, and provides training, equipment maintenance, engineering and logistics services.