Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase – Here’s What Happened

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) saw unusually-high trading volume on Tuesday . Approximately 91,472 shares changed hands during mid-day trading, an increase of 112% from the previous session’s volume of 43,115 shares.The stock last traded at $10.39 and had previously closed at $10.21.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BTDPY shares. Peel Hunt upgraded Barratt Redrow to a “strong-buy” rating in a research report on Thursday, September 18th. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a report on Monday, November 24th. They set a “buy” rating for the company. Royal Bank Of Canada lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Barratt Redrow in a research note on Thursday, September 18th. Finally, Jefferies Financial Group downgraded shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Barratt Redrow Trading Up 1.5%

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.52.

Barratt Redrow Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 1st. Investors of record on Monday, October 13th were issued a $0.2636 dividend. This represents a yield of 357.0%. The ex-dividend date was Friday, October 10th.

About Barratt Redrow

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.