Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume – Time to Buy?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) saw unusually-high trading volume on Monday . Approximately 56,449 shares changed hands during trading, an increase of 162% from the previous session’s volume of 21,565 shares.The stock last traded at $78.13 and had previously closed at $78.87.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Kerry Group in a research report on Friday, January 30th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kerry Group Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a 50-day moving average of $83.07 and a 200 day moving average of $87.45.

About Kerry Group

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.