Kerry Group (OTCMKTS:KRYAY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Kerry Group PLC (OTCMKTS:KRYAY)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $89.58 and traded as low as $86.2350. Kerry Group shares last traded at $86.6650, with a volume of 16,014 shares trading hands.

Analysts Set New Price Targets

KRYAY has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kerry Group Price Performance

The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $89.30 and its two-hundred day moving average is $92.62.

Kerry Group Company Profile

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.